10 Chinese firms allowed to go public

Advanced Search

10 Chinese firms allowed to go public

Source: Xinhua | 14:17 UTC+8 May 6, 2017 |

Online Edition

THE China Securities Regulatory Commission (CSRC) has approved IPO applications from 10 companies.

They will raise no more than 4.6 billion yuan (670 million U.S. dollars), according to a CSRC 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 firms and their underwriters will confirm IPO dates and publish prospectuses following discussions 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 gradually switching from an approval-based IPO system to a more market-oriented one based on registration.

Business

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

10 Chinese firms allowed to go public

Email this to your friend