China stocks regulator approves seven IPOs to raise $416 million

© Reuters. FILE PHOTO: Advertising board showing a Chinese stone lion near an entrance to the headquarters of China Securities Regulatory Commission, in Beijing© Reuters. FILE PHOTO: Advertising board showing a Chinese stone lion near an entrance to the headquarters of China Securities Regulatory Commission, in Beijing

SHANGHAI (Reuters) – China's securities regulator has said it has approved seven initial public offerings (IPOs) that aim to raise a combined total of up to 2.8 billion yuan ($ 416.22 million).

Three of the approved IPOs are on the Shanghai bourse, two are on the Shenzhen small and medium enterprise board, and two are on the start-up ChiNext board, the China Securities Regulatory Commission said in a statement on its official microblog late on Friday.

($ 1 = 6.7741 )

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