IPO surge may lower stock prices

Investors see renminbi depreciation and capital outflows as major market threats

Anticipation of the regulator's acceleration of new share sale approval as well as the push for financial deleveraging could be a source of pressure on the Chinese stock market in the coming weeks, analysts said.

There have been signs that Chinese regulator wants to accelerate the approval of initial public offerings this year as the pressure in the IPO pipeline has been mounting with more than 700 companies queueing to issue new shares.