
BEIJING, June 17 -- China's securities regulator approved IPO applications of only six companies this week.
The companies will raise no more than 3.4 billion yuan (about 500 million U.S. dollars), according to a statement from the China Securities Regulatory Commission (CSRC) late Friday.
Three companies will be listed on the Shanghai Stock Exchange, one on the Shenzhen Stock Exchange's Small and Medium-sized Enterprise Board and two on the ChiNext, China's NASDAQ-style board.
The firms and their underwriters will confirm IPO dates and publish prospectuses following discussions with the exchanges.
Under the current IPO system, new shares are subject to approval from the CSRC.
China is gradually switching from an approval-based IPO system to a more market-oriented one based on registration.
Fire brigade in Shanghai holds group wedding
Tourists enjoy ice sculptures in Datan Town, north China
Sunset scenery of Dayan Pagoda in Xi'an
Tourists have fun at scenic spot in Nanlong Town, NW China
Harbin attracts tourists by making best use of ice in winter
In pics: FIS Alpine Ski Women's World Cup Slalom
Black-necked cranes rest at reservoir in Lhunzhub County, Lhasa
China's FAST telescope will be available to foreign scientists in April
"She power" plays indispensable role in poverty alleviation
Top 10 world news events of People's Daily in 2020
Top 10 China news events of People's Daily in 2020
Top 10 media buzzwords of 2020
Year-ender:10 major tourism stories of 2020
No interference in Venezuelan issues
Biz prepares for trade spat
Broadcasting Continent
Australia wins Chinese CEOs as US loses