Thursday 22 February 2018 ,
Thursday 22 February 2018 ,
Latest News
  • 100 British parliamentarians for ICC referral for Myanmar’s military general
  • Quader seeks India's cooperation for Rohingya repatriation
  • Tobacco farmers take over govt lands in Cox’s Bazar
  • PM urges all to use proper Bangla language
  • Nation pays glowing tributes to language martyrs
  • Nation pays glowing tributes to language martyrs
13 August, 2017 12:11:14 PM
Print

China approves eight IPO applications

XINHUA

Xinhua, BEIJING: The China Securities Regulatory Commission  (CSRC) has approved IPO applications for eight companies.

The firms and their underwriters will confirm IPO dates and publish prospectuses following discussions with the exchanges.The firms will raise up to 3.3 billion yuan (around 490 million US dollars), the CSRC said. Four of them will be listed on the Shanghai stock exchange, one on the Shenzhen small and medium enterprise board, and three on the ChiNext, China’s NASDAQ-style board.

Under the current IPO system, new shares are subject to approval from the CSRC. China is gradually switching from an approval-based IPO system to a more market-oriented system based on registration.

Since an IPO suspension between July and November 2015, China has sought to normalise IPOs by giving approvals at a faster pace to raise financing efficiency and direct more money into the real economy.

Comments

Poll
Today's Question »
AL General Secretary Obaidul Quader said BNP will be champion in corruption again if it returns to power with absconding convict Tarique Rahman as its acting chief. Do you agree?
 Yes
 No
 No Comment
Yes 15.7%
No 81.4%
No Comment 2.9%
Video
More Business Stories

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting