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China to consider stability when timing IPOs

(Agencies)
Updated: 2009-04-27 19:38

A top researcher at China's securities watchdog said regulators will consider issues related to social stability when deciding when to resume initial public offerings (IPOs), the Securities Times reported on Monday.

Related readings:  China to restart new stock issuance after reform  Declines in Q1 earnings pull shares down 1.77%  Zhongwang starts IPO roadshow  ABC: No timetable fixed yet for IPO launch

Qi Bin, chief researcher for the China Securities Regulatory Commission (CSRC), also said planned reform in share sales, if successful, would find a balancing point between supply and demand and thus avoid huge market fluctuations, the newspaper reported.

China should step up financial reform in a bid to allocate resources efficiently and help companies cope with the economic crisis, the newspaper cited Qi as saying.

China's stock market dropped nearly 3 percent last Wednesday, partly on speculation that regulators may resume IPOs in May following a seven-month suspension, although the official Securities Times quoted a CSRC official on Friday as saying he had not heard about a resumption of IPOs in the near term.