Longer IPO wait as CSRC seeks an answer

The mainland's controversial initial public offering (IPO) system will probably go through another round of refurbishment more than three years after its last overhaul.

This means there will be a reasonable spell of limbo as the regulator hones its tactics to deal with a flood of listing applicants and a slump in the market.

The China Securities Regulatory Commission (CSRC) has suspended IPO approvals for two months and is set to extend the ban on new share offerings until at least February as it faces an uphill battle to underpin the weak market.

via Business feed http://www.scmp.com/business/banking-finance/article/1101620/longer-ipo-wait-csrc-seeks-answer