China approves two IPO applications

Source: Xinhua | 2018-09-17

China's top securities regulator has approved new IPO applications from two companies, which will raise up to 2.5 billion yuan (about 365.5 million U.S. dollars) in the A-share market.

Great Wall Securities, a Shenzhen-based brokerage firm, will be listed on the Shenzhen small and medium enterprises board, and the other, Wuxi Lihu Corporation Ltd., will be listed on the ChiNext board in Shenzhen, according to the China Securities Regulatory Commission.

The companies and their underwriters will confirm IPO dates and publish prospectuses following discussions with the exchanges.