China will resume initial public offerings (IPO) on its main board before launching a Nasdaq-style growth enterprise board for start-up companies, a senior securities regulator said yesterday.

Preparations for both the IPO resumption and the growth enterprise board are proceeding in an orderly manner, said Wang Lin, deputy director of the public offering department of the China Securities Regulatory Commission.

"But Judging from the current situation, the IPO resumption on the main board will precede the launch of the growth enterprise board," Wang was quoted as saying by China Securities Journal.

Chinese story link: http://tech.163.com/09/0612/07/5BJG5CH2000915BF.html

(China.org.cn June 12, 2009)