CSRC approves Beibei Technology's IPO registration on the Shanghai Stock Exchange.

According to the Zhitong Finance and Economics APP, on August 7th, the China Securities Regulatory Commission issued the "Reply on Approving the Initial Public Offering of Stocks by Guangzhou Beibette Pharmaceuticals Co., Ltd." It is reported that Beibette plans to list on the Shanghai Stock Exchange, with CITIC Securities as its sponsor institution, and plans to raise 2.005 billion yuan.