www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

National

Regional

Taiwan, HK, Macao

Special Coverage

Focus

Society

Profiles

China gives green light to first GEM applicants

(Xinhua)
Updated: 2009-09-17 18:00

BEIJING: The first seven companies applying for listing on the Growth Enterprise Market (GEM), a Nasdaq-alike market in China, have got green lights from the country's securities regulator on Thursday.

They are in the fields of software, medical equipment and medicines. They planned to raise 2.27 billion yuan (332.65 million U.S. dollars), from the IPOs, according to China Securities Regulatory Commission (CSRC).

Related readings:  China's top tourist agency launches IPO  China CNR gets greenlight for its IPO  Chinese firms rush to jump on IPO bandwagon  China sets up IPO review committee for Growth Enterprise Market

"This means the seven enterprises are eligible to list on the market, but they still have some flaws in information issuance, which need to be improved," said Jiang Xinhong, a member of the review commission.

The flaws don't hinder the listings, but these enterprises should go through some necessary procedures before getting listed, said the CSRC.

The CSRC had received 155 applications for IPOs on the GEM as of September 10, since it started to accept applications of the GEM on July 26.