USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Finance

China greenlights 10 IPOs

Xinhua | Updated: 2017-03-18 16:40

BEIJING — The China Securities Regulatory Commission (CSRC) has approved IPO applications from ten companies, the same number as last week.

They will raise no more than 5.1 billion yuan (about $740 million), the CSRC said in a statement.

Five companies will be listed on the Shanghai stock exchange, two on the Shenzhen small and medium enterprise board and three on the ChiNext, China's NASDAQ-style board.

The companies and underwriters will confirm dates after discussion 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 seeking to transform from an approval-based system to a more market-oriented one.

Most Viewed in 24 Hours
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