China's top securities regulator has approved new IPO applications from two companies, which will raise up to 900 million yuan (about 130 million U.S. dollars) in the A-share market.
Xinjiang Communications Construction Group Co., Ltd. will be listed on the small- and medium-sized enterprises board in Shenzhen, while Yusys Technologies Co., Ltd. will be listed on the ChiNext board, according to the China Securities Regulatory Commission (CSRC).
The companies and their underwriters will confirm IPO dates and publish prospectuses following discussions with the exchanges.
Under the current IPO system, new shares are subject to approval by the CSRC. China is gradually switching from an approval-based IPO system to one based on registration.
CNOOC lifts natural gas supplies
BMW extends contract term, increases investment in China's JV
Airbus to cooperate with more Chinese suppliers
China Zhongwang enters supply chain for Jaguar Land Rover
China's securities companies bullish on A-shares in Q4
China's FAW recalls SUVs over engine glitch
China has second-most AI companies
Chaoyang Beijing's top district for multinational headquarters
