China greenlights two ChiNext IPOs

BEIJING, Sept. 20 (Xinhua) -- China's top securities regulator has approved the registration for the initial public offerings (IPOs) of two companies on the ChiNext, China's Nasdaq-style board of growth enterprises.

Yihai Kerry Arawana Holdings Co., Ltd. and Shanghai-based Keysino Separation Technology Inc. will be listed on the Shenzhen Stock Exchange's ChiNext board, the China Securities Regulatory Commission said in a statement.

The companies and their underwriters will confirm the IPO dates and publish their respective prospectuses following discussions with the stock exchange.

China introduced a series of measures in June to replace the approval-based IPO system with a registration-based one on the ChiNext.