国内英语资讯:China approves 3 new IPO applications
<p><span word="BEIJING">BEIJING</span>, <span word="March">March</span> 30-- <span word="China">China</span>'<span word="s">s</span> <span word="securities">securities</span> <span word="regulator">regulator</span> <span word="approved">approved</span> <span word="three">three</span> <span word="new">new</span> <span word="IPO">IPO</span> <span word="applications">applications</span> <span word="Friday">Friday</span>, <span word="which">which</span> <span word="will">will</span> <span word="raise">raise</span> <span word="up">up</span> <span word="to">to</span> 1.6 <span word="billion">billion</span> <span word="yuan">yuan</span> (254.4 <span word="million">million</span> <span word="U">U</span>.<span word="S">S</span>. <span word="dollars">dollars</span>) <span word="in">in</span> <span word="the">the</span> <span word="A">A</span>-<span word="share">share</span> <span word="market">market</span>.</p><p><span word="One">One</span> <span word="of">of</span> <span word="the">the</span> <span word="three">three</span> <span word="companies">companies</span> <span word="will">will</span> <span word="be">be</span> <span word="listed">listed</span> <span word="on">on</span> <span word="the">the</span> <span word="Shanghai">Shanghai</span> <span word="Stock">Stock</span> <span word="Exchange">Exchange</span>, <span word="while">while</span> <span word="the">the</span> <span word="other">other</span> <span word="two">two</span> <span word="will">will</span> <span word="be">be</span> <span word="listed">listed</span> <span word="on">on</span> <span word="Shenzhen">Shenzhen</span>'<span word="s">s</span> <span word="ChiNext">ChiNext</span> <span word="start">start</span>-<span word="up">up</span> <span word="board">board</span>, <span word="according">according</span> <span word="to">to</span> <span word="the">the</span> <span word="China">China</span> <span word="Securities">Securities</span> <span word="Regulatory">Regulatory</span> <span word="Commission">Commission</span> (<span word="CSRC">CSRC</span>).</p><p><span word="The">The</span> <span word="firms">firms</span> <span word="and">and</span> <span word="their">their</span> <span word="underwriters">underwriters</span> <span word="will">will</span> <span word="confirm">confirm</span> <span word="dates">dates</span> <span word="and">and</span> <span word="publish">publish</span> <span word="prospectuses">prospectuses</span> <span word="following">following</span> <span word="discussions">discussions</span> <span word="with">with</span> <span word="the">the</span> <span word="exchanges">exchanges</span>.</p><p><span word="The">The</span> <span word="CSRC">CSRC</span> <span word="has">has</span> <span word="introduced">introduced</span> <span word="rigorous">rigorous</span> <span word="approval">approval</span> <span word="procedures">procedures</span> <span word="for">for</span> <span word="IPOs">IPOs</span> <span word="since">since</span> <span word="a">a</span> <span word="new">new</span> <span word="review">review</span> <span word="committee">committee</span> <span word="came">came</span> <span word="into">into</span> <span word="office">office</span> <span word="in">in</span> <span word="October">October</span>, <span word="rejecting">rejecting</span> <span word="or">or</span> <span word="suspending">suspending</span> <span word="more">more</span> <span word="than">than</span> <span word="half">half</span> <span word="of">of</span> <span word="applications">applications</span>.</p><p><span word="China">China</span> <span word="has">has</span> <span word="sought">sought</span> <span word="to">to</span> <span word="normalize">normalize</span> <span word="IPOs">IPOs</span> <span word="to">to</span> <span word="improve">improve</span> <span word="financing">financing</span> <span word="efficiency">efficiency</span> <span word="and">and</span> <span word="direct">direct</span> <span word="more">more</span> <span word="money">money</span> <span word="into">into</span> <span word="the">the</span> <span word="real">real</span> <span word="economy">economy</span> <span word="since">since</span> <span word="it">it</span> <span word="suspended">suspended</span> <span word="IPOs">IPOs</span> <span word="between">between</span> <span word="July">July</span> <span word="and">and</span> <span word="November">November</span> 2017.</p><p><span word="The">The</span> <span word="regulator">regulator</span> <span word="is">is</span> <span word="seeking">seeking</span> <span word="a">a</span> <span word="balance">balance</span> <span word="between">between</span> <span word="easing">easing</span> <span word="the">the</span> <span word="IPO">IPO</span> <span word="backlog">backlog</span> <span word="and">and</span> <span word="improving">improving</span> <span word="the">the</span> <span word="quality">quality</span> <span word="of">of</span> <span word="listed">listed</span> <span word="companies">companies</span>.</p>
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