CSRC to maintain regular pace of IPOs

China's top securities regulator said on Wednesday that it will maintain a regular pace of approving initial public offerings to help companies raise funds and allow the capital market to better serve the economy.

In a statement issued after a meeting of the China Securities Regulatory Commission, the regulator said it will strengthen the review of IPO applications to ensure the quality of new share sales while maintaining the "normalization of IPOs".

The CSRC has accelerated the process for IPO approvals since the A-share market stabilized from a dramatic rout in 2015 that prompted the regulator to freeze new share sales to stem the market plunge.