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ects the boundless love ▓of the Chinese nation and powerfully demonstrates the incomparab▓le superiority of the socialist system. BEIJING, Sept. 14 (Xinhua) -- China's securities authority will hold the first meeting to review the applications of

the first seven IPOs for listing on the Growth Enterprise Market (GEM), a Nasdaq-style market in China, on Thursday, sources with the China Securities Regulatory Commission (CSRC) confirmed with Xinhua Monday. The ▓official, who asked not to be named, said information on

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Parrot One

the applying enterprises had been released from Sunday

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on and the review meetings would be c▓oncentrated. "IPO ap

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plications sent to the regulator were concentrated. The regu

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Parrot Four

lator had to take into consideration forming a block and guard a

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gainst speculation that might pus▓h up IPO stocks prices," the official said. Since ▓the market held high expectation on the GEM stocks, the first

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batch of IPOs should provide a cer▓tain number of stocks for trade and form a block to provide more choices for▓ investors to guard against speculation, the official said. "

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None of the first IPOs on the GEM was of huge size and thus though the listings will be concentrated, it would not affect capital on the main board," the of

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