LINE

Text:AAAPrint
Economy

China's IPO market heats up in 2016

1
2016-12-26 11:36Xinhua Editor: Mo Hong'e ECNS App Download

China's IPO market did better in 2016 as the regulator accelerated approvals in the latter half of the year.

According to the official Securities Times, 12 companies are expected to go public on the A-share market next week, bringing the number of new listings to 245 in 2016.

This will be the 3rd biggest year on the A-share market in terms of company numbers, behind the 347 listings in 2010 and 277 in 2011.

In 2015, 219 companies raised 159 billion yuan (23 billion U.S. dollars) through IPOs on the Chinese mainland despite market volatility over the summer that put offerings on hold.

Under the current IPO system, new shares are subject to approval from the China Securities Regulatory Commission, which controls both the timing and price.

China is working on an IPO approval system based on registration that will allow bourses to take over IPO approval and clear the backlog of companies waiting.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.