Finance: Investors wait for more IPOs
(Shanghai Daily)
Updated: 2006-07-21 14:52
The quality of new Chinese mainland initial public offerings are prompting
investors to allot more funds for first-time stock sales.
Industry analysts expect the capital reserved for IPOs has soared to more
than 300 billion yuan (US$37.5 billion) from nearly 200 billion yuan a month
earlier. Regulators are expected to pump mainland bourses with more quality
listings.
They warned, however, if the trend persists, the secondary market will likely
lose steam and face a correction. Key stock gauges have jumped more than 40
percent this year.
(For more biz stories, please visit Industry Updates)
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