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China Focus: IPO reform on ChiNext board boosts China’s capital market

August 25, 2021
Source: china.org.cn china.org.cn
News Snapshot:
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...
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Tags: accounting | AIM | Beijing | capital | China | currency | development | Economy | equipment | financing | Guangdong | index | information technology | ipo | IT | nasdaq | performance | quality | registration | Renminbi | Shenzhen | stock market | technology | Xinhua | Yuan

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