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China approves 28 new IPO applications

Xinhua, June 24, 2015 Adjust font size:

The China Securities Regulatory Commission, the top securities regulator, on Wednesday said IPO applications by 28 companies had passed its review.

Among the 28 companies, 10 will be listed on the Shanghai Stock Exchange, 10 on the small and medium enterprise board of Shenzhen bourse, while the rest will be listed on the ChiNext, the Nasdaq-style board tracking growth enterprises.

The companies include Chunghsin Technology Group Co. Ltd., Readers Publishing Media Co. Ltd., and Beijing Sanfo Outdoor Products Co. Ltd.

In total, 218 companies have been given green light to be listed on the stock market this year, according to the securities watchdog.

These IPOs come as China's stock market is on a bull run this year. Endi