Four Chinese companies hope to raise up to RMB1.7 billion (US$273.80 million) from mainland listings, The Business Times reported. The securities regulator last week approved the listing plans of seven firms, effectively resuming the IPO market which halted in February after a two-month flurry of activity ended a 14-month drought that started in November 2012. The China Securities Regulatory Commission is planning about 100 IPOs for the rest of this year, bringing the full-year tally up to 150, about half the number forecast by consultants including PwC.
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