The China Securities Regulatory Commission (CSRC) approved 49 firms during June and July to offer shares or sell bonds on mainland capital markets. In April and May, the CSRC approved 38 firms. Analysts said that the increasing rate of approvals shows conflicting agendas between macroeconomic planners, who are attempting to prevent the economy from overheating and securities regulators, who fear that capital market development is in danger of choking if too many firms are restricted from listing.
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