Hong Kong-based bankers, lawyers and fund managers are pragmatic about China’s move to suspend all initial public offerings in early July to try to halt the carnage on its market.

Not only is China's IPO market, the world's busiest in the first half of the year, expected to re-open before year-end, work is continuing to reform the IPO process. This should mean the market ends up more transparent and - yes - potentially even busier in coming years.