Off the wire
• Weather forecast for world cities -- June 3  • Weather forecast for major Chinese cities, regions -- June 3  • Major news items in leading German newspapers  • Nearly 4,000 more people flee conflicts in northern Myanmar  • New data show Chinese buyers scapegoated for New Zealand's surging house prices  • Singapore stocks close 0.51 pct higher  • New Zealand seeking end to TiSA talks this year: Trade Minister  • Philippines, EU hold first round of FTA negotiations  • UN warns of widening woman-men gap in Vietnam  • Chinese, Vietnamese military officials hail achievements in cooperation  
You are here: 　 Home

China approves nine new IPOs

Xinhua, June 3, 2016 Adjust font size:

China's securities watchdog said on Friday that IPO applications by nine companies had passed its review.

The total capital raised by the nine companies is expected to be no more than 5.3 billion yuan (800 million U.S. dollars), said China Securities Regulatory Commission (CSRC) in a statement.

Among the nine companies, four will be listed on the Shanghai Stock Exchange, two on Shenzhen's small and medium enterprise board, and the rest on the NASDAQ-style ChiNext.

The companies include Harson Group, Zhejiang Xinguang Pharmaceutical Co. Ltd., and Hangzhou Weiguang Electronic Co. Ltd.

China resumed IPOs last November after the CSRC froze them in July in an attempt to stabilize a choppy market.

Last year, 220 companies raised 157.8 billion yuan through IPOs, more than double the amount raised in 2014. Endit