China Security Regulatory Commission (CSRC), China's sole market regulator for stocks, bonds, futures and mutual funds, has approved 73 public initial offerings (IPO) among 87 applications this year, ending April 14.
Applications from 13 companies, with six aiming for growth enterprise market, were denied and one was cancelled, bring the passing rate to 83.91 percent, lower from last year's 84.69 percent.