The CSRC is also intervening more heavily in the pricing of initial public offerings.

ECONOMIST: China��s stockmarkets

The CSRC, as Daniel Ren of the South China Morning Post notes, cannot prevent new issues from coming to market forever.

FORBES: Hang Up On Your China Fund Manager

In a front-page article published Dec. 14, the state-run China Securities Journal reported that the CSRC may try to avert an oversupply of shares by encouraging listing applicants to turn to the off-exchange equity market, bond market, or overseas bourses.

WSJ: China's IPO Doors Likely To Stay Closed