While the large number of companies queuing for IPO review on the Shanghai and Shenzhen stock exchanges reflects China"s economic transformation and high-quality development, it also reflects the effectiveness of capital-market reform and confidence in the capital market, China"s top securities regulator said Friday.As of Feb. 19, the China Securities Regulatory Commission (CSRC) had greenlighted the IPOs of 66 companies this year, a sharp increase year on year but relatively flat compared with

China"s two major bourses on Friday announced board-transfer regulations for companies listed on China"s National Equities Exchange and Quotations (NEEQ), also known as the "new third board."NEEQ-listed companies will be allowed to be shifted to the sci-tech innovation board of the Shanghai Stock Exchange and the Shenzhen Stock Exchange"s board of growth enterprises, according to the two bourses.A company eligible for board transfer needs to be listed continuously on the NEEQ selected layer for

Strong foreign capital flows and the healthy investment outlook for companies will put the A-share market on a strong growth trajectory this year, analysts said on Friday after most of the major indexes notched up gains.The benchmark Shanghai Composite Index rose by 0.57 percent to 3696.17 points, while the Shenzhen Component Index gained 0.35 percent to 15823.11 points. The technology-focused ChiNext in Shenzhen fell for the second consecutive day by 1.04 percent to 3285.53 points. The combined

Adequate liquidity, a positive outlook on the performance of public companies and continued economic recovery will help the A-share market to maintain a bullish trend in the Year of the Ox, experts said.The probability of the benchmark Shanghai Composite Index going up during the first trading week after the Spring Festival came in at 76 percent while the rate for the index to report gains during the month after the Lunar New Year began came in at 66 percent, Guosen Securities said in a report t

With the market soaring to an over-30-month high on Tuesday, Calvin Tai Chi Kin, interim chief executive of Hong Kong Exchanges and Clearing Limited (HKEX), expressed optimism that the fund-raising through initial public offerings (IPOs) will continue to be robust this year.The market had a bullish start on the first trading day of the Year of the Ox. The benchmark Hang Seng Index opened higher Tuesday and hit 30,793.48 points in the afternoon, the strongest level since June 2018. The index clos

Chinese stocks closed higher Wednesday with the benchmark Shanghai Composite Index up 1.43 percent, at 3,655.09 points, wrapping up the lunar year on an upbeat note.China"s stock market posted solid growth in the Year of the Rat, with two major bourses -- the benchmark Shanghai Composite Index and the Shenzhen Component Index -- gaining nearly 20 percent and more than 40 percent, respectively.The ChiNext Index, tracking China"s NASDAQ-style board of growth enterprises, surged more than 70 percen

Cloopen Group Holding, a leading multi-capability cloud-based communications solution provider in China, started trading on the New York Stock Exchange Tuesday, with the shares skyrocketing on its initial public offering (IPO) day.The company, trading under the ticker symbol of "RAAS," announced the pricing of its IPO of 20 million American depository shares (ADSs), at 16 U.S. dollars per ADS for a total offering size of approximately 320 million dollars, assuming the underwriters do not exercis

China"s National Equities Exchange and Quotations (NEEQ), also known as the "new third board," has seen a turnover of 13.26 billion yuan (about 2.05 billion U.S. dollars) so far this year.From Feb. 1 to Feb. 5, its turnover reached about 2.55 billion yuan.Launched in 2013, the NEEQ intends to offer small and medium-sized enterprises a new financing channel with low costs and simple listing procedures.China has outlined a series of reforms to better orient the NEEQ to the needs and features of sm

China"s securities regulator on Friday approved merging the Shenzhen Stock Exchange"s main board with the SME (small and medium-sized enterprises) board.The merger will follow the general principles of unifying business rules and unifying operation supervision modes, with issuance and listing conditions, investor thresholds, trading mechanisms, and stock codes and abbreviations remaining unchanged, said Pi Liuyi, an official with the China Securities Regulatory Commission.Involving only adjustme

Video sharing app Kuaishou Technology went public on the Hong Kong stock market on Friday.Shares of Kuaishou opened at 338 Hong Kong dollars (about 43.6 U.S. dollars) in the morning session, up significantly from its offer price of 115 Hong Kong dollars (14.8 dollars).As the first short-video platform going public in Hong Kong, Kuaishou is expected to raise about 41.28 billion Hong Kong dollars through its initial public offering (IPO), the highest since November 2019 when Alibaba"s secondary li

12 stocks in Shanghai-HK bridge to boost equity-market environmentInclusion of STAR Market stocks in the Shanghai-Hong Kong stock connect program will help further improve the trading environment and spur the country"s capital market opening-up, said experts.Twelve companies listed on the technology-heavy STAR Market on the Shanghai Stock Exchange have been included in the stock connect program from Monday.In a break with the past, global institutional investors can now invest in these companies

Kuaishou Technology said on Tuesday that it plans to raise as much as HK$42 billion ($5.42 billion) via its initial public offering on the Hong Kong bourse, as the short video company is speeding up monetization efforts amid rising competition from its peer Douyin, an app developed by Beijing Byte-Dance Technology.Kuaishou has priced its IPO on the Hong Kong stock exchange, and will issue 365.2 million shares each priced between HK$105 and HK$115, according to a prospectus released by the compan