The second batch of initial public offerings in the A-share market may start in early April after the securities regulator refines measures for the new share-listing reform plan, China Daily reported Wednesday, citing industry experts. Several securities firms have received notices from the Shenzhen and Shanghai stock exchanges to test the system for the trading of new share listing this week, the sources said. A first batch of companies finished all necessary IPO procedures and went public starting in January after a year-long freeze, but the China Securities Regulatory Commission suspended the review and approval in the same month, the report said. At least 685 companies are awaiting approval of their IPO plans, it added.
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