24 March 2019

10 more applicants release draft debut plans

Ten more listing applicants have released their draft prospectus, taking the total to 75 since the China Securities Regulatory Commission unveiled the first batch Friday, the Securities Times reported Thursday.

Of the 75 companies on the list, 41 are aiming for the main board of the Shanghai Stock Exchange and 17 for the small and medium-sized enterprises board, or SMEs board. The remainder want to debut on the ChiNext board, the report said.

In all, 606 companies are in line to list on the mainland’s two bourses, according to CSRC data.

The CSRC has streamlined listing reviews, making information disclosure the first step in the process as the commission tries to improve transparency.

The release of the prospectuses signals that the CSRC may restart IPO reviews soon after putting them on hold in late February.

Commission chairman Xiao Gang said last week that it was pausing — not halting — IPOs so companies can update their disclosures.

– Contact HKEJ at [email protected]


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