IPO approvals likely to resume next month

China is likely to resume approving initial public offerings on the mainland market at the end of July, sources told Reuters on Tuesday. Yao Gang, vice-chairman of the China Securities Regulatory Commission, told brokerages at a meeting on Tuesday "it is almost certain" the IPO market will resume at the end of next month, the sources, who were present at the meeting, said. They declined to be identified because they are not authorized to speak to the media. China froze the IPO market in late October as part of its efforts to clean up the equity market. It has been inspecting applicants' books for evidence of fraud.

Carbon dioxide permits trade 22% cheaper than in Europe