Chinese regulator approves 10 IPO applications

Xinhua, BEIJING: China’s stock market regulator approved 10 IPO applications in the past week.
The companies will be allowed to raise up to 6 billion yuan (about 870 million U.S. dollars), China Securities Regulatory Commission (CSRC) said in a statement Friday. Six companies will be listed on the Shanghai bourse, two on the Shenzhen small- and medium-enterprise board and two on the ChiNext, China’s NASDAQ-style board.
The 10 firms and their underwriters will confirm the dates for the IPOs and publish prospectuses following discussions with the exchanges.
Under the current IPO system, new shares are subject to approval from the CSRC, which controls both timing and price.

Chinese regulator approves 10 IPO applications

Xinhua, BEIJING: Chinas stock market regulator approved 10 IPO applications in the past week. The companies will be allowed to raise up to 6 billion yuan (about 870 million U.S. dollars), China Securities Regulatory Commission (CSRC) said in a statement Friday. Six companies will be listed on the Shanghai bourse, two on the Shenzhen small- and medium-enterprise board and two on the ChiNext, Chinas NASDAQ-style board. The 10 firms and their underwriters will confirm the dates for the IPOs and publish prospectuses following discussions with the exchanges. Under the current IPO system, new shares are subject to approval from the CSRC, which controls both timing and price.