China’s IPO Market is the Hottest It Has Ever Been
China’s market for initial public offerings (IPO) has been the hottest it can be. The 62 new stocks that have finished their 1st month of trading has climbed 420% on average. Huge returns on the mainland IPOs are not new and China Securities Regulatory Commission is trying to stabilize the nation’s $6.1 trillion equity market.
“China’s market for initial public offerings has been the hottest it can be. The 62 new stocks that have finished their 1st month of trading have climbed 420% on average.”
More than 800 companies have filed for IPO and are waiting for approval according to CSRC. The 78 completed sales this year compares with 219 deals in 2015 and the value of the deals is about a quarter of the 2015 amount. Wuxi Honghui New Materials Technology Co. was one of the lucky ones, raising $39 million in June. The shares soared 553 percent in their first month on the Shenzhen exchange, and are now up 580 percent from their IPO price.
About China Securities Regulatory Commission
China Securities Regulatory Commission (CSRC), a ministerial-level public institution directly under the State Council, performs a unified regulatory function, according to the relevant laws and regulations, and with the authority by the State Council, over the securities and futures market of China, maintains an orderly securities and futures market order, and ensure a legal operation of the capital market.
China Securities Regulatory Commission is located in Beijing, with appointed one chairman, four vice chairmen, one secretary of the Disciplinary Inspection Commission (on the vice-ministerial level) and three assistants to the chairman.
The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals. Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.
Get The Wealth Insider Daily
- For Press Release, please contact firstname.lastname@example.org
- For Media-related enquiries, please contact email@example.com
- For Advertisement, please contact our official ad agency