Mid-August could see resumption of IPOs: insiders

Global Times 29 May 2013
China may end its moratorium on new initial public offerings (IPOs) as early as mid-August, the 21st Century Business Herald reported Wednesday, citing insiders with knowledge of the matter.
These sources also said that regulators may impose special interim measures to cope with the sudden influx of new IPOs likely to hit the market once the floodgates reopen on new public floats. For example, several companies may be allowed to list either simultaneously or in quick succession in order to relieve congestion in the IPO pipeline.
The China Securities Regulatory Commission (CSRC) halted new IPO approvals in July 2012 following widespread criticism that lax supervision over new public offerings had created a glut of poor-quality companies within the equity market. Since then, the CSRC has ordered IPO candidates to reassess the accuracy of their financial disclosures while also launching random auditing inspections of its own – all while keeping new listings in deepfreeze.
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Source: http://www.21cbh.com/HTML/2013-5-28/3NMzA4XzY5NDU3Nw.html