China's securities authority will hold a meeting today to review the applications of the first seven IPOs for listing on the Growth Enterprise Market (GEM), the Chinese version of the NASDAQ, according to chinanews.com.cn.

A previous report said all seven enterprises are characterized with a high gross profit rate, high rate of return on common stockholders' equity (ROE) and high operating revenue increases, as well as high risks. Three of them are Beijing-based enterprises.

The second batch of six IPOs for listing on the GEM will be reviewed tomorrow.

The China Securities Regulatory Commission began accepting applications of the GEM on July 26 and had received 155 applications as of September 10, according to Xinhua.