CSRC Accelerates IPO Processing Times

(Beijing) — China's securities regulator has shortened the processing time for companies seeking to list on domestic stock exchanges in a bid to reduce a waiting list of nearly 800 applicants and pave the way for reform of initial public offering (IPO) procedures.

As of Friday, the China Securities Regulatory Commission (CSRC) had approved 38 companies in three batches to start the IPO process in November, a monthly high for the year and already 10 more than the total number of approvals in October, according to figures released by Wind, a Chinese financial data provider.