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Five companies to debut on China's stock market next week

Xinhua | Updated: 2019-05-05 16:40
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An investor checks stock prices at a securities brokerage in East China's Jiangxi province, Oct 22, 2018. [Photo/VCG]

BEIJING - A total of five firms will debut on China's stock market from May 6 to 10, according to financial information provider Wind Info.

The companies, including manufacturers of automobile and aviation parts, are expected to raise a combined 3.78 billion yuan ($561 million) through initial public offerings (IPO).

One company will be listed on the Shanghai Stock Exchange, one will on the Shenzhen SME (small and medium-sized enterprises) Board and three on the ChiNext, a NASDAQ-style board.

New shares are subject to official approval under the current IPO system, which is moving to a more market-oriented system.

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