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China's securities regulator has approved three initial public offerings (IPOs) that aim to raise a combined total of up to 3.7 billion yuan ($559.86 million). One of the approved IPOs is on the Shanghai bourse, one is on the Shenzhen Small & Medium Enterprise board, and the other is on the ChiNext board, the China Securities Regulatory Commission said in a post on its official Weibo account late Friday.

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