[Financial Times: Chinese Regulators Suspend IPOs and Large-Scale Share Reductions to Boost Sluggish Stock Market] BlockBeats reported on November 3rd, citing the Financial Times, that the China Securities Regulatory Commission (CSRC) recently held meetings with investment banks and issued verbal guidance to them, requesting a temporary halt to initial public offerings (IPOs). Furthermore, large-scale share reductions by existing shareholders have also been temporarily suspended until the market stabilizes. Previously, Chinese regulators had already implemented measures such as restricting share reductions and encouraging share buybacks. On Monday, the CSRC, the People's Bank of China, and the State Financial Supervision and Administration Bureau also held meetings with securities companies and fund companies to discuss measures to stabilize the stock market, including lowering the interest rate on share buyback relending from 1.25% to 1% and expanding swap facility operations. The report points out that China's IPO fundraising this year has exceeded 292 billion yuan, the highest since 2023. A suspension of IPOs and large-scale share reductions could impact financing activities in China's equity market. It should be noted that the relevant measures are currently based primarily on informal guidance disclosed by informed sources, and the regulatory authorities have not yet officially confirmed them. [Original Link]