As A-shares have continued to fluctuate and adjust recently, IPO market trends have attracted market attention. Compared to the first half of the year, acceptance and review of new IPOs in the second half of the year slowed down. The Shanghai and Shenzhen North Exchanges accepted a total of 242 new IPO applications in the first half of the year, while only 6 new IPOs have been accepted since the second half of the year. The contrast is obvious. Even compared to the first four months of the first half of the year, there were 14 fewer orders. According to the industry, the tight adjustment of the IPO pace is more a normalized fine adjustment under the framework of marketization and the rule of law. The key is how to balance the dynamic balance between financing function and market development capacity. The regulatory direction of strict review, classification review, and accurate review is more clear, and there is zero tolerance for financial fraud.

As A-shares have continued to fluctuate and adjust recently, IPO market trends have attracted market attention. Compared to the first half of the year, acceptance and review of new IPOs in the second half of the year slowed down. The Shanghai and Shenzhen North Exchanges accepted a total of 242 new IPO applications in the first half of the year, while only 6 new IPOs have been accepted since the second half of the year. The contrast is obvious. Even compared to the first four months of the first half of the year, there were 14 fewer orders. According to the industry, the tight adjustment of the IPO pace is more a normalized fine adjustment under the framework of marketization and the rule of law. The key is how to balance the dynamic balance between financing function and market development capacity. The regulatory direction of strict review, classification review, and accurate review is more clear, and there is zero tolerance for financial fraud.