There will be no new initial public offering (IPO) on Shanghai and Shenzhen arranged in the near term but the review for IPO applications will not be suspended, said Deng Ge, spokesperson of the China Securities Regulatory Commission (CSRC), on Friday.
Meanwhile, CSRC will significantly slash the number of financing companies and the amount of financing as well, Deng said at a routine press conference after market close on Friday afternoon.
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