In January and February 2024, a total of 22 companies successfully completed the filing procedures with the China Securities Regulatory Commission (CSRC). However, by March 31st, this number had increased to 24 companies.
Among them, 11 companies completed the filing in both January and February, while only 2 companies successfully completed the filing in March. The two newly added companies are Star Fashion Culture Holdings Limited and Kingtitan Technology Limited.
▲ Number of companies
▲ Companies’ Name
Companies that added in March
▲ Star Fashion Culture Holdings Limited
1.Star Fashion Culture Holdings Limited (星际时尚文化控股有限公司)
On March 7, 2024, the CSRC released a notice regarding the overseas issuance and listing of Star Fashion Culture Holdings Limited. The company intends to issue up to 3,000,000 ordinary shares and list them on the Nasdaq Stock Market in the United States.
▲ Kingtitan Technology Limited
2.Kingtitan Technology Limited (金特安科技有限公司)
On March 21, 2024, the CSRC released a notice regarding the overseas issuance and listing of Kingtitan Technology Limited. The company plans to issue no more than 4,312,500 ordinary shares and intends to list them on the Nasdaq Stock Market in the United States.
Looking ahead to 2024, the market is expected to become more stable, with China concept stocks poised to demonstrate a positive and favorable development trend. However, the decreasing number of companies completing the filing procedures with the CSRC may reflect potential challenges or new auditing standards. Nonetheless, as the path for China concept stocks listing in the US becomes clearer and smoother, it is anticipated to provide them with a more defined development path.
