The China Securities Regulatory Commission (CSRC) on late Thursday announced approval to a new batch of initial public offerings (IPOs) of 25 firms on the Shanghai and Shenzhen bourses.
According to the CSRC, 10 firms plan to get listed on Shanghai Stock Exchange, three to be listed on the SME board of Shenzhen Stock Exchange, and 12 on the ChiNext-board, a Nasdaq-like stock market in China.
CSRC said it would strengthen the efforts to approve more IPOs, and increase its approval to the two batches of IPOs from one batch each month. These 25 IPOs are the second batch of firms approved by the top securities regulator in April.
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