China approves five IPO applications | 2017-12-11 |

China approves five IPO applications

    11 December, 2017 12:00 AM printer

BEIJING: The Chinese securities regulator has approved five IPO applications this week, which will raise up to 2.4 billion yuan (about 362 million U.S. dollars) in the A-share market.

Two companies will be listed on the Shanghai Stock Exchange, two on the small and medium enterprises board and one on the ChiNext at the Shenzhen Stock Exchange, according to the China Securities Regulatory Commission (CSRC), reports Xinhua.

China has sought to normalize IPOs to improve financing efficiency and direct more money into the real economy since it suspended IPOs between July and November 2015.