China Cinda Asset Management Co Ltd, , which is conducting an IPO in Hong Kong, said that it had determined its IPO price at HK$3.58 per share.
The number of initial public offerings by Chinese companies plummeted in 2013, as regulators suspended new listings in China in preparation for reforms.
The China Securities Regulatory Commission will launch a support system for the nation's IPO reform plan and strictly implement a delisting system, the commission said on Friday.
Moody's said on Thursday that reopening initial public offerings on the Chinese stock market is positive for banks, insurers and securities companies.
Private equity and venture capital firms have invested in about 20,000 Chinese companies, but they've only cashed out from fewer than 3,000.
Chinese website autohome.com.cn is scheduled to make its debut on the New York Stock Exchange on Dec 13, as it bids to raise more than $100 million, said United States research site IPOScoop.com LLC.
China's top securities regulator on Tuesday denied rumors that it had halted taking IPO applications but stressed that applicants must conform to new rules.
AMC Entertainment Holdings Inc, the US movie theater chain owned by China's Wanda Group, plans to raise as much as $368 million in its initial public offering, according to Bloomberg.com.
The reform plans that China's securities watchdog unveiled at the weekend spell new opportunities for Chinese investors in the long run.
As we approach the turn of the year and prepare to enter 2014, it is worth remembering that it was way back in October 2012 that the last initial public offering took place in China.
China shares ended a choppy Monday on a weaker note, as investors took profit on outperformers anticipating IPO reforms will divert funds to new listings.
The Nasdaq-style ChiNext Composite Index of most technology start-ups listed in Shenzhen has dived 5.9 percent in Monday morning trade.
China will resume initial public offerings in January after a freeze lasting longer than a year, and a reform plan on new listings has been carried out to boost the country's stock market over the long term.
China's securities regulator Saturday unveiled a reform plan for the IPO system, which is seen as a major step towards a market-oriented IPO registration system.
China may lift a 12-month ban on new share sales this year, according to Lan Banghua, from the IPO promotion department at the Shenzhen Stock Exchange.
China Cinda Asset Management Co Ltd. announced on Wednesday that it will launch an initial public offering (IPO) in Hong Kong on Thursday.
A pair of Chinese firms, 500.com Limited and Sungy Mobile Limited, saw their stocks roar on Friday when they made debut on the US stock markets.
More overseas IPO by Chinese lottery websites are likely, after industry leader 500.com Ltd raised more than $100 million on its first trading day on the New York Stock Exchange, analysts forecast.
China Cinda Asset Management Co got a hot response from investors in a roadshow on Monday for a Hong Kong IPO that is expected to raise up to $2.5 billion.
Sungy Mobile Ltd, a mobile Internet services company, made its debut on the US stock market Friday with an IPO valued at $78.5 million, as IPO activity involving Chinese companies picks up after a two-year lull tied to accounting scandals and a regulatory dispute.
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