The China Securities Regulatory Commission (CSRC) approved 10 initial public offering (IPO) applications on Monday, marking the official restart of IPOs since mid-February.
Five applicants will be listed on the Shanghai Stock Exchange and the rest on the Shenzhen Stock Exchange, the CSRC said in a Weibo posting. But it did not provide their names.
The applicants and their brokers will set the share-issuing dates after talking with the two bourses and release their prospectuses in the coming days.
The commission plans to approve some 100 IPO applicants from June to the yearend. About 600 companies are now awaiting listing on China's two stock exchanges.
The restart of IPOs is widely seen as problematic because a wave of new shares, some of which are feared to come from unqualified issuers, will dilute market value and possibly cause losses to individual investors.
To address market concerns, CSRC chairman Xiao Gang said the commission will keep new listings at a proper pace so that the equity market can withstand the potential impact.
Final touches on IPOs signal closer listings
New listings are immanent as China's equity market authorities asked brokers to add the final touches to IPO files, the China Securities Journal reported on Monday.
A number of brokers were asked to complete IPO files for clients last Friday, the newspaper said. Completion of these files, including IPO plans and prospectuses, is a decisive step before shares finally hit the market. >>>More
China IPO prospectus disclosures rise to 211
China's securities regulator on Sunday evening unveiled prospectuses of 25 IPO applicants, bringing the total number to 211 since April 19.
In the latest round of disclosures, 12 applicants bid for the main board of the Shanghai Stock Exchange, 5 for the small and medium-sized enterprises board in Shenzhen and 8 for the ChiNext Board, the China Securities Regulatory Commission (CSRC) said. >>>More
China OKs IPOs after 18-month suspension
China's securities watchdog on Wednesday approved applications for initial public offerings (IPO), the first time in 18 months.
The first batch to be approved are Kuaijishan Shaoxing Rice Wine Co. Ltd., Guangdong Ellington Electronics Technology Co. Ltd., and Nanjing Kangni Mechanical and Electrical Co. Ltd. >>>More
CSRC sets deadline for IPO disclosures for June
Most companies whose applications for initial public offerings are being evaluated will make their preliminary disclosures by the end of June, a spokesman for the China Securities Regulatory Commission said on Friday.
The disclosures, which explain the size and purpose of an issue, will be posted on the CSRC website.
From April 18-24, there were 97 companies that posted disclosures. Among them, 47 applied for offerings in Shanghai and 50 in Shenzhen. >>>More
China announces preliminary IPO list
China's securities regulator unveiled a short list of companies applying for listing in the small hours of Saturday, signaling a restart of the initial public offering (IPO) review that has been suspended for over a year.
A total of 28 companies appeared on the list, 16 for the main board of Shanghai Stock Exchange, 4 for small and medium-sized enterprises board in Shenzhen and 8 for the ChiNext Board, data from China Securities Regulatory Commission (CSRC) showed.
The move, the first preliminary information disclosure from the pre-listed companies since October, 2012, indicated the authorities are likely to resume the IPOs soon. >>>More
Chinese regulator denies immediate resumption of IPOs
China Securities Regulatory Commission (CSRC) said on Wednesday morning that the examination panel has yet to convene for new IPOs, giving no specific timetable.
The commission said that IPO applicants are still filing for the latest annual fiscal auditing reports, and the restart of IPO is slightly lagging behind the schedule. >>>More
China's IPO market not shut down: CSRC
China's securities regulator on Friday denied rumors that the country's initial public offering (IPO) market has been shut down.
The clarification came after the China Securities Regulatory Commission (CSRC) in late March suggested companies planning an IPO should "choose a reasonable timing" for IPO application. >>>More
