Registration-based IPOs adopted on main boards of Shanghai, Shenzhen bourses

BEIJING - The first batch of registration-based initial public offerings (IPOs) of 10 enterprises were adopted on Monday on the main boards of the Shanghai and Shenzhen stock exchanges, a landmark of the country's capital market reform.

The move signifies that China has applied the registration-based IPO system across the board, providing solid institutional support for accelerating the building of a standardized, transparent, open, dynamic and resilient capital market.

The registration-based IPO reform, initiated in 2018, was first adopted by the science and technology innovation board in 2019, and was broadened to start-up board ChiNext in 2020 and the Beijing Stock Exchange in 2021.