China Okays Stock Market Listing of 166 Firms

The China Securities Regulatory Commission (CSRC) announced that a total of 166 companies have been given the go signal to list on the stock market after raising about USD16.3 billion from investors during their IPOs. The amount raised from their IPOs surpassed the amount raised for the whole year last year. Aside from the approved 166 firms, the country’s securities regulator said it is currently reviewing the IPO applications from 549 companies, which have a combined subscription of Rmb373.5bn (USD60.2bn). –