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October 17, 2016

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CSRC approves 14 IPOs

THE China Securities Regulatory Commission approved the IPO applications of 14 companies.

They will raise a maximum of 7.3 billion yuan (US$1.08 billion), a statement said on Friday. Seven IPOs will list on the Shanghai bourse, two on the Shenzhen’s Small and Medium-sized Enterprise board, and five on ChiNext, a NASDAQ-style board for growth enterprises.


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