China approves 2 IPO applications

Updated 2018-05-20 16:02:02 Xinhua

China's securities regulator has approved IPO applications from two companies, which will raise no more than 6 billion yuan (around 941 million U.S. dollars) in the A-share market.

Dynagreen Environmental Protection Group Co., a Shenzhen-based firm, will be listed on the Shanghai Stock Exchange, while the other will be listed on the ChiNext, a NASDAQ-style board, according to the China Securities Regulatory Commission (CSRC).

Both firms and their underwriters will confirm dates and publish prospectuses following discussion with the exchanges.

Under the current IPO system, new shares are subject to approval from the CSRC. China's IPOs are gradually switching from an approval-based system to a more market-oriented system.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58June 22 2018 00:06:02

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16June 22 2018 00:06:02

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18June 22 2018 00:06:02

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords