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Sunday, October 18, 2020, 17:55
China greenlights three sci-tech innovation IPOs
By Xinhua
Sunday, October 18, 2020, 17:55 By Xinhua

This undated file photo shows a poster at a securities brokerage in Nanjing, Jiangsu province that promotes the STAR Market. (SU YANG / CHINA DAILY)

BEIJING - China's securities regulator has approved the initial public offering (IPO) registration of three companies on the science and technology innovation board.

Kinco Automation (Shanghai) Co, Ltd, Zhejiang Supcon Technology Co, Ltd and Jiangxi JDL Environmental Protection Co, Ltd will be listed on the Shanghai Stock Exchange's sci-tech innovation board, commonly known as the STAR market, according to the China Securities Regulatory Commission.

The 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.

READ MORE: China’s stock market tops US$10 trillion for 1st time since 2015

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