China greenlights six ChiNext IPOs

BEIJING -- China's top securities regulator has approved the registration for the initial public offerings (IPOs) of six companies on the ChiNext, China's Nasdaq-style board of growth enterprises.

Hichain Logistics Co Ltd, Tianjin Jieqiang Power Equipment Co Ltd, Guangdong Modern High-Tech Fiber Co Ltd, Zhejiang Wecome Pharmaceutical Co Ltd, AnHui Jinchun Nonwoven Co Ltd and Tansun Technology Corp Ltd will be listed on the Shenzhen Stock Exchange's ChiNext board, the China Securities Regulatory Commission said in a statement.

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

China introduced a series of measures in June to replace the approval-based IPO system with a registration-based one on the ChiNext.