Seven companies terminated their IPO applications last week, according to data from the China Securities Regulatory Commission.

A total of 30 companies had quit their IPO applications by the end of last week, according to the CSRC.

The data showed that there are 323 companies queue for listing in the second-board market, and that 20 companies have stopped the process.

For the main-board markets, including the Shanghai and Shenzhen stock markets, 10 companies out of 536 companies terminated the process.

Industry insiders predicted that more companies will stop their IPO reviews in the second half of March.