BEIJING, Aug. 24 (Xinhua) — Deemed the bellwether of the broader capital market revamp, China's registration-based initial public offerings (IPOs) system has spurred the capital market since it was expanded to the Nasdaq-style ChiNext board a year ago. On Aug. 24, 2020, the first batch of registration-based IPOs of 18 enterprises debuted on the ChiNext board. The registration-based IPOs aim to replace regulatory IPO approvals with administrative registration, giving the market a greater say in IPOs and making equity financing easier for tech companies with a shorter and more transparent IPO process. One year on, the registration-based IPO system has…