BEIJING, May 30(Xinhua) - China’s initial Public offerings (IPOs) and refinancing raised a total of 2.03 trillion yuan from the beginning of 2017 to the end of this March, the Xinhua-run Shanghai Securities News citing Yan Qingmin, vice chairman of China Securities Regulatory Commission (CSRC) reported on Tuesday.
Yan noted that during the period, companies on the” new third board” raised 153.3 billion yuan, and the auction amount of exchange traded notes reached 4.49 trillion yuan, while transaction of listed companies’ merged and acquisition (M&A) stood at 2.46 trillion yuan.
In 2017, the scale of new private equity funds nationwide reached 2.4 trillion yuan, and 51,000 investment projects were implemented, said Yan, adding that the scale and quality of direct financing have been effectively improved.
The CSRC will continue to strengthen the function of the capital market to serve the real economy, firmly hold the bottom line of risks, and further promote the reform and opening up of the capital market, Yan said at the 2018 Annual Conference of Financial Street Froum on Tuesday. (Edited by Yang Yifan, yangyifan@xinhua.org)