The Wall Street Journal, citing sources, reported: The China Securities Regulatory Commission (CSRC) has temporarily suspended accepting new IPO applications, while existing applications will continue to be processed.
China's securities regulator stated at a closed-door meeting on Monday that it would continue to process existing IPO applications but would temporarily stop accepting new ones, according to sources cited by The Wall Street Journal. The report also stated that officials asked shareholders of listed companies to postpone large-scale share sales until market conditions improve. The information came from sources cited in the report.
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