China gives insight into preliminary IPO list

China’s regulator, the China Securities Regulatory Commission, has issued a list of 46 companies applying for initial public offerings.

China’s regulator, the China Securities Regulatory Commission (CSRC), has issued a list of 46 companies applying for initial public offerings.

This is the first preliminary information disclosure about pre-listed companies that has been made since October, 2012.

Twenty three applications are for the main board of the Shanghai Stock Exchange, 10 for the SME Board in Shenzhen and 13 for the ChiNext Market.

In a separate move, Chinese officials from public security departments have said that they will intensify a crackdown on illegal fund-raising after an increase in these activities was found to have taken place in 2013.

An official said that Chinese public security departments solved 3,700 illegal fund-raising cases in 2013, helping investors recover more than RMB 6.4 billion (US$ 1.04 billion) of  losses.

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