CSRC: no time table for new IPO

China's IPOs have been suspended for four months now. Recently, discussions about re-launching them are causing some interest in the market. But the China Securities Regulatory Commission said on Thursday that it has not set a date to allow new IPOs in the mainland stock market.

The CSRC also said that reform of China's financial market will take time, and it is planning to relieve the IPO logjam by developing a multilevel capital system, creating more channels for companies to raise funds.

It said these innovations will improve the IPO issuance system. Market insiders think it is only a matter of time for the CSRC to re-open the IPOs in China, and the suspension won't last too long.