Recently, rumors about regulations providing “informal” window guidance to investment banks and suspending IPOs continued to ferment, drawing great attention from the market. Combined with the investigation and analysis of this rumor, the suspension of the IPO is not a “one-size-fits-all”; more, it is a slowdown and tightening. It can also be seen as a level 1 and 2 market adjustment made in line with the current market situation.

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