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China to suspend new IPOs to stabilise stock markets - WSJ

A woman is reflected on an electronic board showing stock information at a brokerage house in Shanghai, China, July 3, 2015. REUTERS/Aly Song

SHANGHAI (Reuters) - China has suspended new initial public offerings (IPOs) in effort to stabilise falling stock markets, the Wall Street Journal reported on Saturday, citing unidentified sources.

The decision was made at a meeting held earlier in the day involving officials from the cabinet, the central bank, the securities regulator and other financial agencies, the report said.

(Reporting by Kazunori Takada; Editing by Kevin Liffey)