GEM list applicants to be reviewed

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The China Securities Regulatory Commission has announced that it will review the first batch of companies applying for listing on the Growth Enterprise Market this coming Thursday.

To make the process more transparent, the watchdog will also release those seven companies' IPO prospectuses on its website. The regulator also says that, as of this past Thursday, it had received a total of 155 IPO applications to list on the NASDAQ style board. 149 were officially accepted. 83 percent of the applications come from the non-public sector, backed by plans to raise nearly 34 billion yuan.

China has been preparing for the long-awaited GEM board for 10 years. The first batch of companies is expected to be listed as early as October.