| |
| |
![]() |
| |
|
| |
|
| |
|
SHANGHAI: China's securities regulator will review initial public offering applications this week from seven companies seeking to list on the nation's planned Nasdaq-style market, state media reported Monday.
The firms aim to raise a combined 2.2 billion yuan (US$322.1 million), the official China Securities Journal said.
The announcement signalled China is close to launching the long-anticipated new board, which like Wall Street's Nasdaq aims to help fuel the development of start-ups and other companies with high growth potential.
The China Securities Regulatory Commission said in statements over the weekend it would hold meetings on Thursday to discuss the first batch of firms seeking to list on the Growth Enterprise Market.
The market will be based in the southern boom town of Shenzhen in Guangdong province.
The sectors represented by the first group of firms range from medical equipment makers to software developers, the statement said.
The newspaper reported over the weekend that the regulator had received applications from 149 firms seeking to make initial public offerings on the Growth Enterprise Market since it began accepting such requests in July.
The 149 firms are expected to raise a combined 33.6 billion yuan, the report said, citing an unnamed official with the commission.
- AFP/ir
|
