Tu predicted that some companies would postpone or quit their IPO plans because of the regulator's stricter review processes, as well as their worse business performance amid the economic slowdown.
To scientifically regulate the stock market, the CSRC will conduct investigations into the accuracy of the financial reports of companies who are in line to launch IPOs, according to a statement from the commission on December 28.
The regulator will require these companies and their listing sponsors, as well as their accounting partners, to carry out self-examinations to ensure the financial information they report is accurate, the statement said.
Enterprises that are manipulating their profit data or faking their balance sheets will be strictly dealt with, the CSRC said.
The regulator also announced new regulations for the delisting process last month, which led to Shenzhen-listed Jiangsu Chinese Online Logistics Co and Powerise Information Technology Co being delisted from China's A-share market.
In the past, it has been unusual even for underperforming companies to be delisted from mainland stock exchanges.
Li Daxiao of Yingda Securities said the regulator was showing firm determination to reform the country's stock market, and he is upbeat about the outlook for 2013.
Buoyed by the regulator's reforms and supportive policies, the A-share markets in Shanghai and Shenzhen recorded their fourth straight round of week-on-week gains last week, with the Shanghai Composite Index hitting 2,276.99 points Friday, up 0.35 percent compared with the previous trading day.
Although challenges remain, Wei said he will not quit his dream of becoming a successful salesman of investment products in the stock market.
"The future will be bright, if more wise reforms are pushed forward," Wei said.
Girl wearing "military uniform" parade on the street to publicize the new traffic regulation
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