IPO approvals start rolling in

On the 11th floor of the Fukai Building in Beijing's Financial Street, representatives of securities firms are waiting for special documents - written approvals from the China Securities Regulatory Commission for new share issues.

At midnight on Monday, the CSRC gave the good news to the representatives of five companies out of 82 that had finished the IPO review and approval process. Another six companies got their written approvals the next day.

Shanxi Coal and Chemical Industry Group Co Ltd and Neway Valve (Suzhou) Co Ltd will go public on the main boards at the Shanghai Stock Exchange.