Shinestone Inc. submits registration for IPO on Shanghai Stock Exchange, planning to raise 3.981 billion yuan.

According to the Zhixin Finance and Economics APP, on November 19th, Zhejiang Zhenshi New Materials Co., Ltd. (referred to as "Zhenshi Shares") applied for a change in the IPO review status of the Shanghai Stock Exchange main board to "submit registration." CICC is the sponsor institution, and it plans to raise 3.981 billion yuan.