9 IPOs Ap­proved

Beijing Review - - This Week -

China’s se­cu­ri­ties reg­u­la­tor ap­proved IPO ap­pli­ca­tions from nine com­pa­nies on Oc­to­ber 20, which will raise up to 4 bil­lion yuan ($605 mil­lion) in the A-share mar­ket.

Five com­pa­nies will be listed on the Shang­hai Stock Ex­change, one on the Shen­zhen small and medium en­ter­prise board, and three on ChiNext, a NASDAQ-style board, ac­cord­ing to China Se­cu­ri­ties Reg­u­la­tory Com­mis­sion (CSRC).

The firms and their un­der­writ­ers will con­firm dates and pub­lish prospec­tuses fol­low­ing dis­cus­sions with the ex­changes.

Un­der the cur­rent IPO sys­tem,

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