ChinaUS EUROPEASIA 中文双语Français
Business\Markets

China approves 6 IPO applications

Xinhua | Updated: 2017-06-24 15:26

BEIJING - The China Securities Regulatory Commission (CSRC) has approved six IPO applications.

They will raise no more than 3.2 billion yuan ($470 million), CSRC said Friday in a statement.

Three companies will be listed on the Shanghai stock exchange, one 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 dates 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 the timing and pricing.

China is gradually switching from an approval-based IPO system to a more market-oriented one based on registration.

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US