China's stock regulator gives nod for five IPOs worth $1b

China's stock regulator gives nod for five IPOs worth $1b

A man walks past an electronic board showing the benchmark Shanghai and Shenzhen stock indices, on a pedestrian overpass at the Pudong financial district in Shanghai, China, June 26, 2015. REUTERS/Aly Song

China’s stock market regulator has approved five new initial public offerings (IPOs), which will aim to raise a total of no more than 6.7 billion yuan ($1.05 billion), the official news agency Xinhua reported on Saturday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter