Reforms to boost tech listings

New measures to foster growth of innovative industries, says CSRC official

China's securities regulator will continually reform the country's stock market listing system to support the development of new technology and innovative industries, a top official said on Tuesday.

The reform, which is shifting from an approval-based initial public offering system to a more market-oriented system based on registration, will be pushed forward steadily based on a "normalized" IPO issuance pace, said Jiang Yang, vice-chairman of the China Securities Regulatory Commission, the country's securities regulator.