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Economy

5 companies to debut on China's stock market next week

May 06, 2019


Abstract : A total of five firms will debut on China's stock market from May 6 to 10, according to financial information provider Wind Info.

BEIJING, May 5 (Xinhua) -- A total of five firms will debut on China's stock market from May 6 to 10, according to financial information provider Wind Info.

The companies, including manufacturers of automobile and aviation parts, are expected to raise a combined 3.78 billion yuan (about 561 million U.S. dollars) through initial public offerings (IPO).

One company will be listed on the Shanghai Stock Exchange, one will on the Shenzhen SME (small and medium-sized enterprises) Board and three on the ChiNext, a NASDAQ-style board.

New shares are subject to official approval under the current IPO system, which is moving to a more market-oriented system.

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Keyword: financial cooperation listed companies

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