Securities regulator targets 100 new listings in A-share market by year-end

China's securities regulator has confirmed the pace of new share listings in 2014, and about 14 to 15 companies will go public in the A-share market every month starting in June.

The China Securities Regulatory Commission released a statement on Monday night saying that it is supporting the IPO process and working to stabilize market expectations.

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The statement quoted Chairman Xiao Gang as saying that about 100 companies will go public, and in principle, the number will be the same each month.

Reactions to the statement were mixed.

"This is good news," said Li Daxiao, Beijing-based chief economist with Yingda Securities Co Ltd. "The move is a big step in the Chinese securities market, and the regulator is carrying out its work in a market-oriented way."

"The number is below expectations, and it won't have much impact on the stock market. Stocks might rally on this news," said Yang Delong, chief strategist at China Southern Fund Management Co Ltd.

"This IPO plan can be good for the stock market in the short term, but it's not good news in the long term," said Hong Hao, a managing director and chief strategist at Bocom International Holdings Co Ltd. "Investors can't make good decisions on pricing because the IPO timing for other companies in line for going public is uncertain," said Hong.

The commission is also studying ways to help Internet and high-technology companies that aren't yet profitable to go public on the Nasdaq-style ChiNext board.