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Two Anhui-based firms launch registration-based IPOs on ChiNext

Pub Date:2020-08-25 10:43 Source:www.cnanhui.org

ChiNext's first group of 18 companies got listed under the registration-based initial public offering (IPO) system made a stellar debut on Monday, including two firms based in East China's Anhui province.

Anhui Jinchun Nonwoven Co.in the province’s Chuzhou and Anhui Landun Photoelectron Co.in Tongling launched IPOs on Shenzhen's startup board ChiNext, surging 85.00 percent and 88.81 percent from their issue prices, respectively, at the lunchtime break yesterday.

The province was second only to South China’s Guangdong province in terms of the number of listed firms on Monday.

China's efforts to make its capital market more supportive for technological innovation made landmark progress on Monday as reforms on were put to the test amid steady market performance, China Daily reported, citing officials and experts.

Anhui was home to 118 listed companies as of August 24, ranking 9th in China, according to data from iFinD, a domestic financial information service provider.

The province took the 7th place in the country as five local companies were listed on ChiNext.

The daily price fluctuation limit of all ChiNext shares doubled to 20 percent as the registration-based system took effect.


Editor:Rita

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