Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

First IPO applications under review since ChiNext reform

June 24, 2020


Abstract : The Shenzhen Stock Exchange has started reviewing the first batch of applications for initial public offering (IPO) under the pilot registration-based system in ChiNext, China's Nasdaq-style board of growth enterprises.

BEIJING, June 23 (Xinhua) -- The Shenzhen Stock Exchange has started reviewing the first batch of applications for initial public offering (IPO) under the pilot registration-based system in ChiNext, China's Nasdaq-style board of growth enterprises.

The stock exchange said in an online statement that it has accepted 32 IPO applications, one refinancing application, and has put prospectuses and other documents online for information disclosure.

The move marks another step forward in the reform of ChiNext and its pilot registration-based system, said the statement.

China decided in late April to reform ChiNext and replace its approval-based IPO system with the registration-based one, introducing a series of measures on June 12 in a bid to better cultivate new industry start-ups and bolster the real economy.

The board, more inclusive and open after the reform, will facilitate access to financing for promising innovation companies and become a leading force of China's industrial upgrading, Dong Dengxin, head of a financial research institute under Wuhan University of Science and Technology, told Securities Daily.

Li Zhan, chief economist with Zhongshan Securities, said that the reform will enhance market activity and pricing efficiency as well as lower financing costs for companies. Enditem

Scan the QR code and push it to your mobile phone

Keyword: IPO ChiNext board

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial