“Beijing, 8 Aug (Xinhua) — The China Securities Regulatory Commission (CSRC) announced on 27 August that the CSRC fully considers the current market situation, improves the counter-cyclical adjustment mechanism of the primary and secondary markets, and makes arrangements around reasonably grasping the rhythm of IPO and refinancing.

First, according to the recent market conditions, the pace of IPOs will be tightened in stages to promote the dynamic balance between investment and financing.

The second is to implement a pre-communication mechanism for large-scale refinancing of listed companies in the financial industry or listed companies with large market capitalization in other industries, paying attention to the necessity of financing and the timing of issuance.

The third is to highlight the support of the good and limit the inferior, and appropriately limit the financing interval and financing scale of listed companies that have broken offerings, net breakdowns, sustained losses in business performance, and high proportion of financial investment…”

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