Regulator denies halting applications for IPOs

Applicants must stick to 'obligations' listed in guidelines, says CSRC

China's top securities regulator on Tuesday denied rumors that it had halted taking IPO applications but stressed that applicants must conform to new rules before being considered.

The denial followed a report by the Shanghai-based Oriental Morning Post on Tuesday that quoted several anonymous investment bankers as saying that the China Securities Regulatory Commission had stopped taking new applications while preparing to implement new rules.