10 Chinese companies to file IPOs

BEIJING - Ten Chinese companies have completed the required initial public offerings (IPOs) preparation and will go public soon, China's securities regulator said Friday.

The China Securities Regulatory Commission said in a statement that the 10 companies had their IPOs called off in July in the wake of a stock market rout that began mid-June.

The companies' underwriters will decide when they will file the IPOs with the Shanghai and Shenzhen stock exchanges. Five will be listed in Shanghai and the other five in Shenzhen.

The stock exchanges in early July suspended 28 scheduled IPOs due to drastic fluctuations. Among them, 10 companies that had accepted subscriptions for their shares were required to refund investors.