China stocks regulator approves 3 IPOs to raise about $221 million

BEIJING: China's securities regulator has approved three initial public offerings (IPOs) that aim to raise a combined total of up to 1.4 billion yuan ($220.72 million), the official Xinhua news agency reported on Saturday.

One of the IPOs will be on the Shanghai bourse, one is on the Shenzhen Small & Medium Enterprise board, and the other is on the ChiNext board, the agency reported the China Securities Regulatory Commission saying.