China approves two IPO applications

BEIJING, Aug. 14 (Xinhua) -- China's securities regulator has approved the initial public offering (IPO) applications of two companies.

Zhejiang Wufangzhai Industry Co., Ltd., a time-honored Zongzi brand, and Beijing Liven Technology Co., Ltd., an enterprise in the home appliances sector, will be listed on the A-share market, the China Securities Regulatory Commission said in a statement.

The two companies should strictly follow the prospectus as well as the issuance and underwriting plan while issuing stocks, the regulator added.