CSRC to approve 2 batches IPO every month

BEIJING - China's securities regulator on Thursday approved the second batch of 25 IPO applications for the month, following its approval of 30 applications on April 2.

Two batches of IPO applications instead of one will be approved every month from now on, the China Securities Regulatory Commission (CSRC) said.

The CSRC has approved 123 IPOs this year.

The quickened pace means the authorities are acting in accordance with the market, analysts said, citing the rapid recent rise in the Chinese stock market and the need for business financing.