Off the wire
• 1st LD Writethru: 18 injured in twin explosions in S. Philippines  • Soldier killed, another injured in clash with rebels  • China praises FTSE move to include A-shares in global benchmarks  • 93 militants, 9 soldiers killed in Afghanistan within two days  • Feature: Japan's clandestine war crimes on display to reveal history, educate younger generation  • Brazil's poor GDP results reflect economic uncertainty: minister  • New law allowing revocation of Canadian citizenship comes into force  • China, Bolivia agree on closer coordination, consultation in mining  • Interview: China, LatAm should cooperate to promote clean energy: Chinese minister  • U.S. soccer president congratulates Blatter, promises to fight for reform  
You are here: 　 Home

23 companies to start IPO subscriptions in coming week

Xinhua, May 30, 2015 Adjust font size:

A total of 23 companies, including China National Nuclear Power, will start taking IPO subscriptions in the coming week that will constrain liquidity in the increasingly volatile stock market.

Specifically, five firms plan to become listed on the Shanghai Stock Exchange, seven on the SME board of the Shenzhen Stock Exchange, and eleven on the ChiNext-board, a Nasdaq-style board for growth enterprises.

The subscriptions may lock up around 7.2 trillion yuan in the market (118 billion U.S. dollars), according to Guotai Junan Securities. Minsheng Securities estimated the volume to be over 8 trillion yuan.

The new influx of shares has weighed on market sentiment in recent trading days. The benchmark Shanghai Composite Index plummeted 6.5 percent on Thursday to finish at 4,620.27 points, while the Shenzhen Component Index plunged 6.19 percent to close at 15,912.95 points. Endi