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Top stories of the day -- China Stock Market -- Dec. 17

BEIJING
2015-12-17 11:01

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1. Eight initial public offerings are scheduled for subscription on December 23 and 24 on the Shanghai and Shenzhen bourses. The China Securities Regulatory Commission (CSRC), the top securities regulator, approved eight companies to restart their IPO process on Tuesday. These eight companies are the last batch of new shares issued this year.

2. Balance of margin financing business on China's Shanghai and Shenzhen bourses stood at 1.172 trillion yuan on Wednesday, 3.06 billion yuan more than the previous day, marking a rise for three straight days. On Wednesday, the margin financing balance on Shanghai and Shenzhen bourses reached 687.29 billion yuan and 484.38 billion yuan respectively, 390million yuan and 2.67 billion yuan more than that of the previous day.

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