BEIJING – China's securities regulator has approved the initial public offering (IPO) applications of two companies.

Zhejiang Yaguang Technology Co, Ltd and Fujian Highton Development Co, Ltd will be listed on the A-share market, the China Securities Regulatory Commission said in a statement.

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The two companies should strictly follow their prospectuses, as well as their issuance and underwriting plans, when issuing stocks, the regulator added.