'No changes in IPO approval process'

China has neither tightened nor relaxed the approval process for initial public offerings, but is focused more on aspects like market capacity, liquidity and coordinated development of the primary and secondary markets, a top regulatory official said.

Speaking at the 13th Lujiazui Forum in Shanghai on Thursday, Yi Huiman, chairman of the China Securities Regulatory Commission, allayed fears that the regulator was tightening its grip on public floats in the country. The country's IPO process has been further streamlined in a more scientific and reasonable manner, aiming to create an ecosystem in line with market expectations, said Yi.

Public data from market tracker Wind Info showed that the total IPO financing in the A-share market crossed 151.2 billion yuan ($23.7 billion) in the first five months of this year, which is the highest since 2011.