Key facts
- The China Securities Regulatory Commission told investment banks to pause initial public offerings, the Financial Times reported, citing three people with knowledge of the discussions.
- Large share sales by existing shareholders were suspended until markets recover, according to the report.
- The regulator gave informal window guidance in meetings with investment banks over the past few days, the report said.
- Reuters said it could not immediately verify the report.
- Chinese regulators rolled out measures on Monday including swap operations and an upgraded lending facility for stock buybacks by listed companies.
China's securities regulator has told investment banks to pause initial public offerings and has suspended large share sales by existing shareholders until markets recover, the Financial Times reported on November 3, citing three people with knowledge of the discussions.