More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
In a text message, Grisham confirmed to CNBC that she will still be working for the first lady even as she takes on her new roles.Politicsread more
Acting Customs and Border Protection Commissioner John Sanders is resigning amid the furor over the Trump administration's treatment of migrant children.Politicsread more
Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
Warren's election reform proposal includes standardized federal election rules, increased federal oversight of elections, and a constitutional amendment guaranteeing voting...Politicsread more
Apple's iOS 13 is coming this fall, but you can already try it on your iPhone with the new public beta. Here are some of the best hidden features.Technologyread more
Even if the debate stage will be more crowded than ever, recent history shows they can reveal the candidates' skills and character - even if the two stand at odds.Politicsread more
Micron beat analyst estimates on earnings and revenue for its fiscal third quarter of 2019.Technologyread more
Investors are piling into gold, sending the precious metal to a six-year high, and analysts think the commodity has established a base to go even higher.Marketsread more
Trump slams Iran on Twitter for issuing a "very ignorant and insulting statement" after the U.S. slapped fresh sanctions on Tehran.Politicsread more
SHANGHAI, June 11 (Reuters) - Shanghai's new Nasdaq-style Sci-tech Innovation Board has so far drawn applications from 120 companies.
The board is aimed at promoting growth in industries such as chip-making, artificial intelligence, precision equipment and other high-end manufacturing, as well as biotech, new materials and green technology.
For a story on how companies and investors are lining up to take part, please click
Below are some of the biggest listing hopefuls with details of their IPO plans from their prospectuses.
* Advanced Micro-Fabrication Equipment Inc China (AMEC)
Founded by semiconductor industry veteran Yin Zhiyao, the company manufactures equipment used to make microchips. Qualcomm Inc has a 1.1% stake in the firm whose competitors include Applied Materials Inc, Lam Research and Tokyo Electron Ltd. It plans to use the proceeds to upgrade its technology, expand production and supplement working capital.
IPO plans: aims to raise 1 billion yuan ($145 million) by selling 53.5 million new shares, or 10% of its enlarged capital base which could give it a market value of $1.45 billion.
2018 earnings: revenue climbed 68% to 1.6 billion yuan while net profit attributable to shareholders tripled to 90.9 million yuan.
* Beijing Kingsoft Office Software Inc
Kingsoft Office, controlled by Xiaomi founder Lei Jun, is the biggest Chinese provider of office software and dominates the market for software for government agencies and state-owned companies. It is seeking funds to improve its technology and research programs.
IPO plans: aims to raise 2 billion yuan by selling up to 101 million shares or 21.9% of its enlarged capital. That could give it a market capitalisation of about $1.4 billion.
2018 earnings: revenue rose 50% to 1.1 billion yuan while net profit attributable to shareholders jumped 45% to 310.7 million yuan.
* Bloomage Biotechnology Corp (Bloomage Biotech)
A maker of biochemical products for use in the pharmaceutical, cosmetic and health care sectors, Bloomage Biotech plans to use the IPO proceeds to upgrade its R&D center, and expand production.
IPO plans: it wants to raise 3.2 billion yuan by issuing up to 49.6 million new shares or 10% of its enlarged capital base. That could give it a market capitalisation of $4.5 billion. 2018 earnings: revenue jumped 54% to 1.3 billion yuan while net profit attributable to shareholders nearly doubled to 423.9 million yuan.
* China Railway Signal & Communication Corp (CRSC)
A provider of railway signal and communication technology, CRSC is seeking a secondary listing to beef up research and manufacturing facilities. It competes with Alstom Holdings, Bombardier Inc and Siemens AG.
IPO plans: it hopes to raise 10.5 billion yuan by issuing up to 2.2 billion shares, or 20 percent of its enlarged capital base, which could give the company a market value of $7.6 billion.
2018 earnings: revenue rose 16% to 40 billion yuan while net profit attributable to shareholders was up 6% at 3.4 billion yuan.
* HeJian Technology (Suzhou) Co Ltd
The semiconductor foundry business owned by United Microelectronics Corp wants funds to expand manufacturing capacity and improve technology.
IPO plans: it aims to raise 2.5 billion yuan by selling up to 400 million shares or 10% of its enlarged capital base, which could give it a market value of about $3.6 billion.
2018 earnings: revenue was up 10% at 3.7 billion yuan. Excluding extraordinary items, it made a net loss of 146.4 million yuan. It has posted losses each year over the past three years.
* Montage Technology Co Ltd A fabless chipmaker that was previously listed on the Nasdaq, Montage is seeking funds to upgrade its technology. IPO plans: it aims to raise 2.3 billion yuan via the sale of up to 112.98 million new shares or 10% of its enlarged capital base. That could give it a market value of about $3.3 billion. 2018 earnings: revenue climbed 43% to 1.76 billion yuan while net profit attributable to shareholders doubled to 736.9 million yuan.
* Ningbo Ronbay New Energy Technology Co
The maker of electrode materials for lithium-ion batteries is seeking funds to expand production and replenish capital.
IPO plans: it aims to raise 1.6 billion yuan with the sale of up to 45 million shares or 10% of its enlarged capital base. That could give the firm give a market value of about $2.3 billion.
2018 earnings: revenue surged 62% to 3 billion yuan while net profit attributable to shareholders jumped nearly seven-fold to 212.9 million yuan. ($1 = 6.9279 Chinese yuan) (Reporting by Samuel Shen and Josh Horwitz; Editing by Edwina Gibbs)