Late on July 4, the Shanghai and Shenzhen exchanges announced that 28 planned IPOs of “A Shares” will be delayed, 10 at Shanghai Stock Exchange and 18 at Shenzhen Stock Exchange. On July 3, China Securities Regulatory Commission expressed that, in light of the recent market situation, there would be no new IPOs in the near-term and the number and volume of deals down the line would be greatly reduced.
This is the ninth "A Share" IPO delay in history. The previous delays were as follows:
1. July 21 to December 7, 1994
2. January 19 to June 9, 1995
3. July 5, 1995, to January 3, 1996
4. July 31 to November 2, 2001
5. August 26, 2004, to January 23, 2005
6. May 25, 2005, to June 2, 2006
7. September 16, 2008, to July 10, 2009
8. November 16, 2012, to December 30, 2013
China’s A shares are generally only available for purchase by mainland citizens; investment from outside mainland China is restricted to select foreign institutions or under mutual market access arrangements between the Shanghai Stock Exchange and the Hong Kong Stock Exchange, subject to aggregate and daily quotas.
Source: The Beijing News, July 5, 2015
http://epaper.bjnews.com.cn/html/2015-07/05/content_585764.htm