China Securities Regulatory Commission and China Stock Market

yuan: The CSRC is reviewing new IPO applications from 549 companies with a combined subscription in the value of 373.5 billion yuan, it said, according to Xinhua China. These IPOs come as China stock market is on a bull run, with the benchmark Shanghai Composite Index jumping 1.54 percent Friday to finish at 5,023.1 points, surpassing the 5,000-point psychologically important mark for the first time in more than 7 years. These companies have gained funds in the amount of 104.1 billion yuan from their initial public offerings , and the figure surpassed the 69.1 billion yuan raised for the whole year in 2014, the China Securities Regulatory Commission announced Friday. (news.financializer.com). As reported in the news.