THE China Securities Regulatory Commission (CSRC) and stock exchanges did not suspend the acceptance, review and registration of initial public offerings (IPOs), and there is no “shutting down” of IPOs or refinancing activities of listed companies, the country’s securities regulator said in an online statement Friday. The CSRC has been enhancing its countercyclical regulation in the primary and secondary markets. While considering the capacity of the secondary market to withstand new issuances, the CSRC moves to maintain a regular pace of new stock listings scientifically and rationally to promote coordinated and balanced development between the primary and secondary markets, according to the statement. The recent tightening of the pace of IPOs is a measure to ensure the stable operation of the market, said the CSRC. The CSRC has denied the statement of raising IPO thresholds, saying that the positioning, issuance and listing conditions, as well as information disclosure requirements across different boards, have not changed. The recent IPO withdraws are mainly due to factors affecting the firms’ sustained operations, the CSRC said.(Xinhua) | 