China’s A Stock market underperformed persistently, and most of stock traders think the reason why Chinese stock market is the most bearish should be too many IPOs. Many support the authority to suspend IPO, according to a research of a Chinese financial website 163.com.

The research also shows that 88% of stock traders think suspending IPO can save the market. Though some traders don’t think it can save the market, they still support it. People who support it say the market is “anemic” now, so there should be a time when it can rest and recover.

But the China Securities Regulatory Commission doesn’t agree. It says suspending IPO is a government intervention, which should be avoided. It also thinks that the reason capital market is not active is not because of lack of capital, but the downward pressure from economy and thus lack of confidence of investors.

This article is copyrighted by Reuters