Registration-based IPOs in China

The first batch of 10 shares under China's registration-based initial public offering (IPO) system started trading Monday on the main boards of the Shanghai and Shenzhen stock exchanges.

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.

At a ceremony celebrating the listing Monday, Yi Huiman, chairman of the China Securities Regulatory Commission, said it represents "another landmark of reform and development in China's capital market."

The 10 stocks all advanced in Monday's trading. Shenzhen CECport Technologies, an electronic component service provider, surged by 221.55 percent, while Dencare (Chongqing) Oral Care gained 173.89 percent.

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

This photo taken on April 10, 2023 shows the ceremony celebrating the listing of the first batch of shares under China's registration-based initial public offering (IPO) system on the main board of Shenzhen Stock Exchange in Shenzhen, south China's Guangdong Province. The first batch of 10 shares under China's registration-based IPO system started trading Monday on the main boards of the Shanghai and Shenzhen stock exchanges. (Xinhua/Mao Siqian)

Honored guests watch live streaming of ceremonies celebrating the listing of the first batch of shares under China's registration-based initial public offering (IPO) system on the main boards of the Shanghai and Shenzhen stock exchanges at a parallel session of the ceremonies in Beijing, capital of China, April 10, 2023. The first batch of 10 shares under China's registration-based IPO system started trading Monday on the main boards of the Shanghai and Shenzhen stock exchanges.