March 3, 2018 / 6:06 AM / 6 months ago

China stocks regulator approves three IPOs to raise about $221 million

BEIJING (Reuters) - China’s securities regulator has approved three initial public offerings (IPOs) that aim to raise a combined total of up to 1.4 billion yuan ($220.72 million), the official Xinhua news agency reported on Saturday.

One of the IPOs will be on the Shanghai bourse, one is on the Shenzhen Small & Medium Enterprise board, and the other is on the ChiNext board, the agency reported the China Securities Regulatory Commission saying.

Reporting by Engen Tham; Editing by Sam Holmes

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