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China approves 13 new IPOs

Xinhua, July 9, 2016 Adjust font size:

China's securities regulator on Friday gave the nod to the IPO applications by 13 companies.

The total capital raised will be no more than 9.1 billion yuan (about 1.36 billion U.S. dollars), the China Securities Regulatory Commission (CSRC) said in a statement.

Among the 13 companies, six will be listed in Shanghai, one on Shenzhen's small and medium enterprise board, and the rest on the NASDAQ-style ChiNext board in Shenzhen.

The companies include China Film Co., Ltd., Xinhua Winshare Publishing and Media Co. and Beijing Changjiu Logistics Co.

China resumed IPOs last November after they were frozen in July 2015 in an attempt to stabilize a choppy market. Endi