China's stock market regulator announced approval of the initial public offering applications of 10 companies on Friday.
The 10 companies will be allowed to raise up to 6.2 billion yuan (899 million US dollars), China Securities Regulatory Commission (CSRC) said in a statement.
Five companies will be listed on the Shanghai bourse, two on the Shenzhen small- and medium-enterprise board and three on the ChiNext, China's NASDAQ-style board.
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This is the latest batch following CSRC's last approval on May 5.
The 10 firms and their underwriters will confirm the dates for the IPOs and publish prospectuses following discussions with the exchanges.
Under the current IPO system, new shares are subject to approval from the CSRC, which controls both the timing and pricing.
China is working on transforming its IPO approval system into one based on registration, which will allow the bourses to take over IPO approvals and clear the backlog of waiting companies.
