China Securities Regulatory Commission (CSRC) for the first time on Wednesday published a complete list of 515 Chinese companies that have filed for an IPO on Shanghai and Shenzhen markets by January 31, Reuters reported. The move is being seen as an effort by Guo Shuqing, the newly-appointed chairman of the CSRC, to boost transparency in the financial system. The list shows that 295 firms are currently waiting to list on the Shanghai Stock Exchange or Shenzhen’s small and medium enterprises board, while another 220 companies plan to list on Shenzhen’s Nasdaq-style ChiNext board. Among the applicants are state-owned China Postal Express & Logistics, China Grand Auto and 14 commercial banks. The IPO list, which will be updated weekly, does not reveal when the companies submitted the application or their fundraising targets.
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