皇冠体育app

BEIJING - 皇冠体育app Securities Regulatory Commission (CSRC) has approved IPO applications from eight companies.

The firms will raise up to 3.7 billion yuan ($561 million), the CSRC said. Four will be listed on the Shanghai Stock Exchange, two on the Shenzhen small and medium enterprise board and two on the ChiNext, a NASDAQ-style board.

The firms and their underwriters will confirm IPO dates and publish prospectuses following discussion with the exchanges.

Under the current IPO system, new shares are subject to approval from the CSRC. 皇冠体育app's IPOs are gradually switching from an approval-based to more market-oriented system.

Since suspending IPOs between July and November 2015, 皇冠体育app has sought to normalize IPOs by giving approvals at a faster pace to raise financing efficiency and direct more money into the economy.