Reform in need of time to fix overpriced IPOs

Although public listings on the A-share market have been given the green light after a long moratorium, 2014 will be a transition and learning period, reports Emma Dai from Hong Kong

Having resumed on the last day of 2013, the A-share market has seen the approval of 51 new stocks in fewer than two weeks after a 13-month freeze.

However, following the Jiangsu Aosaikang Pharmaceutical Co event, many planned listings have been suspended.The regulator's announcement on Wednesday to step up scrutiny and monitoring of the initial public offering process also cast a shadow over the reform.