The China Securities Regulatory Commission has said it will manage the pace of new share listings to ease pressure on the stock market.
"Companies planning to list will need at least half a month to prepare their applications to meet new regulations on listings," said Deng Ge, spokesman, China Securities Regulatory Commission.
"We will make rational arrangements according to how the market and the trading system is running, so as to increase market vitality and maintain its stablization."
The spokesman also commented on speculations that the agency wil roll out the IPO registration system on March 1st.
He said that date is not the official deadline for the system to be launched, and he said the agency will make rational arrangements regarding IPO approvals in order to insure a smooth transition.
Deng said the CSRC is drafting rules for the new IPO system and will publish them when the time is right.