Xinhua, Beijing :
In a bid to support the real economy, China’s securities watchdog approved the IPO applications of 280 companies in 2016, said a senior official on Sunday.
The 248 firms which have finished the IPOs raised a total of 163 billion yuan (about 23.7 billion U.S. dollars), said Liu Shiyu, chairman of the China Securities Regulatory Commission (CSRC) at a press conference.
Last year, listed companies raised more than 1.34 trillion yuan through refinancing and some 261 companies increased their capital through mergers and acquisitions, said Liu.
