CSRC likely to approve new wave of IPOs

The China Securities Regulatory Commission has announced a list of 28 companies that have disclosed IPO plans, suggesting the regulator is ready to end a two-month pause on new-share sales, The Wall Street Journal reported, citing a CSRC statement. Beijing ended a 14-month-long moratorium on initial public offerings in January, allowing 48 companies to list in the first two months of this year. However, the new issues halted abruptly in March, when authorities stopped granting approvals. The “preliminary disclosure” of IPO plans typically signals the regulator is close to the final stage of issuing approvals.