Regulator vows to speed up IPOs

Tight lid on illegality promised amid freer market emphasis

China's top securities regulator vowed on Sunday to facilitate more market-oriented share offerings while keeping market manipulation and other illegal activities under tighter scrutiny.

Liu Shiyu, chairman of the China Securities Regulatory Commission, said the regulator will accelerate the pace of IPO approvals, signaling the CSRC's intention to reduce government intervention in share sales and allow the market to play a bigger role.