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China approves 10 IPOs after four-month halt

English.news.cn   2014-06-09 20:41:49

BEIJING, June 9 (Xinhua) -- 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.

Related:

Final touches on IPOs signal closer listings

BEIJING, May 26 (Xinhua) -- 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. Full story

China IPO prospectus disclosures rise to 211

BEIJING, May 4 (Xinhua) -- China's securities regulator on Sunday evening unveiled prospectuses of 25 IPO applicants, bringing the total number to 211 since April 19. Full story

China OKs IPOs after 18-month suspension

BEIJING, April 30 (Xinhua) -- China's securities watchdog on Wednesday approved applications for initial public offerings (IPO), the first time in 18 months. Full story

China announces preliminary IPO list

BEIJING, April 19 (Xinhua) -- 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. Full story

Chinese regulator denies immediate resumption of IPOs

BEIJING, April 16 (Xinhua) -- China Securities Regulatory Commission (CSRC) said on Wednesday morning that the examination panel has yet to convene for new IPOs, giving no specific timetable. Full story

China's IPO market not shut down: CSRC

BEIJING, April 11 (Xinhua) -- China's securities regulator on Friday denied rumors that the country's initial public offering (IPO) market has been shut down. Full story

Editor: Lu Hui
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