In a packed Shanghai classroom on a hot afternoon, nearly a hundred 'mom-an...
), or firms that could potentially be China’s own Microsoft or Qualcomm. Foreign companies cannot list on the market.“Initially, there could be trading imbalances between supply and demand, and the market should look at fluctuations in a reasonable way,” Liu Ti, deputy general manager of the Shanghai Stock Exchange, told a recent forum.
The IPOs were 1,695 times oversubscribed among retail investors, setting the stage for a scramble in the secondary market when trading begins. And, for the first time, loss-making companies will be allowed to list in China, giving start-ups more access to funding. An over-the-counter equity market, the New Third Board, saw a similar fate. After initial excitement, the board has been deserted by investors and issuers.
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