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China securities regulator in surprise nod for 12 IPOs

Move signals potential acceleration of pace of listings, but may cool rally in country's stock markets

Spring Airlines said in its prospectus on Thursday it will start to offer shares on Dec 22 on the Shanghai Stock Exchange to raise 1.76 billion yuan.


CHINA'S securities regulator unexpectedly approved 12 initial public offerings late on Wednesday, a move which could cool a blistering rally in the country's stock markets which has seen the benchmark CSI index surge over 30 per cent in two weeks.

The IPO approvals,