China may see IPO thaw in 2014 as regulator smoothes approval process

China's securities regulator could streamline its approvals process for some initial public offerings (IPO) by next January, the regulator said on Saturday, mapping out reform measures. But firms would still need to wait for China to restart the IPO market, frozen since October last year after authorities suspended listings in a bid to stamp out equity market fraud. "After the announcement of these opinions, there would need to be around one month of preparatory work before firms could complete the necessary procedures," the China Securities Regulatory Commission (CSRC) said on its website. There have been prior reports of the IPO drought coming to and end, but Saturday's statement gives the strongest hint that China is contemplating the resumption of mainland listings.

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