BEIJING – China's top securities regulator has approved the initial public offering (IPO) applications of five companies.

Tongqinglou Catering Co, Ltd, Xiamen Leading Optics Co, Ltd, Luoyang Xinqianglian Slewing Bearing Co, Ltd, Beijing Jiaoda Signal Technology Co, Ltd and Sihui Fuji Electronics Technology Co, Ltd will be listed on the A-share market, the China Securities Regulatory Commission (CSRC) said in a statement.

The companies and their underwriters will confirm IPO dates and publish their prospectuses following discussions with the stock exchanges.

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Under the current IPO system, new shares are subject to approval from the CSRC. China is gradually switching from an approval-based IPO system to one based on registration.

2 IPOs on sci-tech innovation board

The securities regulator also approved the registration of the IPOs of two companies on the science and technology innovation board.

Jinan Niutech Environment Technology Corporation, a company focusing on high polymer waste, and Shenzhen Genew Technologies Co, Ltd, a global telecom infrastructure provider, will be listed on the Shanghai Stock Exchange's sci-tech innovation board, commonly known as the STAR market, according to the CSRC.

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The two companies and their underwriters will confirm the IPO dates and publish their prospectuses following discussions with the stock exchange.

The STAR market, inaugurated in June last year and designed to support companies in the high-tech and strategic emerging sectors, eases listing criteria but adopts higher requirements for information disclosure.