China greenlights two sci-tech innovation IPOs

BEIJING, June 19 (Xinhua) -- China's securities regulator has approved the initial public offerings (IPOs) of two companies on the science and technology innovation board.

Nexchip Semiconductor Corporation and Shenzhen China Micro Semicon Co., Ltd. will be listed on the Shanghai Stock Exchange's sci-tech innovation board, commonly known as the STAR market, according to the China Securities Regulatory Commission.