As of Feb. 19, the China Securities Regulatory Commission (CSRC) had greenlighted the IPOs of 66 companies this year, a sharp increase year on year but relatively flat compared with the previous month, CSRC data showed.
"The approval of IPOs has been neither tightened nor loosened," said a CSRC spokesperson, adding that since the reform of registration-based IPOs, the commission has been focusing on improving the transparency and efficiency of IPO verification.
At present, the average review cycle of the sci-tech innovation board of the Shanghai Stock Exchange and the Shenzhen Stock Exchange's board of growth enterprises has been reduced to around five months.
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