China approves 9 IPO applications

Xinhua, BEIJING: The China Securities Regulatory Commission (CSRC), the country’s top securities regulator, has approved the IPO applications for nine companies.

They will raise up to 4.3 billion yuan (638 million US dollars), the CSRC said.

Five of the companies will be listed on the Shanghai stock exchange, two on the Shenzhen small and medium enterprise board, and two on the ChiNext, China’s NASDAQ-style board.

The firms and their underwriters will confirm IPO dates and publish prospectuses following discussions with the exchanges.

Under the current IPO system, new shares are subject to approval from the CSRC.

China approves 9 IPO applications

Xinhua, BEIJING: The China Securities Regulatory Commission (CSRC), the countrys top securities regulator, has approved the IPO applications for nine companies. They will raise up to 4.3 billion yuan (638 million US dollars), the CSRC said. Five of the companies will be listed on the Shanghai stock exchange, two on the Shenzhen small and medium enterprise board, and two on the ChiNext, Chinas NASDAQ-style board. The firms and their underwriters will confirm IPO dates and publish prospectuses following discussions with the exchanges. Under the current IPO system, new shares are subject to approval from the CSRC.