BEIJING, May 23 (Xinhua) — China’s securities regulator has permitted the preliminary public choices (IPOs) of five corporations on the science and know-how innovation board.

Beijing Sun-Novo Pharmaceutical Research Co., Ltd., JinGuan Electric Co., Ltd., China Chippacking Technology Co., Ltd., China Railway Construction Heavy Industry Co., Ltd., and Wetown Electric Group Co., Ltd. might be listed on the Shanghai Stock Exchange’s sci-tech innovation board, generally generally known as the STAR market, in response to the China Securities Regulatory Commission.

The corporations and their underwriters will affirm the IPO dates and publish prospectuses following discussions with the inventory change.

The STAR market, inaugurated in June 2019 and designed to help corporations within the high-tech and strategic rising sectors, has eased itemizing standards however adopted greater necessities for data disclosure.