Wed, 23 Sep 2020

China greenlights six ChiNext IPOs

09 Aug 2020, 22:30 GMT+10

BEIJING, Aug. 9 (Xinhua) -- China's top securities regulator has approved the registration for the initial public offerings (IPOs) of six companies on the ChiNext, China's Nasdaq-style board of growth enterprises.

Hichain Logistics Co., Ltd., Tianjin Jieqiang Power Equipment Co., Ltd., Guangdong Modern High-Tech Fiber Co., Ltd., Zhejiang Wecome Pharmaceutical Co., Ltd., AnHui Jinchun Nonwoven Co., Ltd. and Tansun Technology Corp., Ltd. will be listed on the Shenzhen Stock Exchange's ChiNext board, the China Securities Regulatory Commission said in a statement.

The companies and their underwriters will confirm the IPO dates and publish their prospectuses following discussions with the stock exchange.

China introduced a series of measures in June to replace the approval-based IPO system with a registration-based one on the ChiNext.

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