Latest News:  
Beijing   Sunny    -3 / -12   City Forecast

People's Daily Online>>China Business

500 enterprises queue for listing

(People's Daily Overseas Edition)

16:14, February 06, 2012

Edited and translated by Yao Chun, People's Daily Online

The China Securities Regulatory Commission (CSRC) recently revealed the stock issue checking workflow and enterprise applicants. According to the data already released by the Commission by Feb. 1, a total of 515 enterprises were queuing for listing, 295 of them wanting main and SMEs board, 220 for GEM board.

With a constantly falling A-share market, the 500-plus enterprises queuing is undoubtedly testing the market’s bearing capacity.

“Over 500 applicants are under checking, but this does not mean all of them will be listed this year,” Wang Hua, securities trader analyst, said to this correspondent. “If the stock market thrives, it is likely to issue 500 new shares. But in view of the existing market condition, it is lucky to issue 200. Having sufficient high-quality listing resource is a lifeline to the stock market. Only injecting new shares into the market can keep it alive.”

According to Dong Dengxin, large size of the queue translates into a wide choice for best qualified enterprises. And this is the future of the stock market.

Short panic is powerless against the trends

In fact, the long queue for listing against a background of market downturn and squeeze on funds will, to some extent, bring pressure on the market in the first half of this year. But in the long run, new governmental moves lead to enhanced transparency, open up possibilities for social supervision, thus helping to weed out low-performing enterprises and improve qualities of new shares. Therefore, the short panic is powerless against the inexorable march of the stock market.

Email|Print|Comments(Editor:马茜)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. People enjoy Lantern show in Nanjing

  2. Stilt dance performed in Ningxia

  3. People celebrate Lantern Festival

  4. Lanterns lit up around China

Most Popular

Opinions

  1. Avoiding civil war in Syria
  2. Trade essential for growth
  3. Cadmium pollution cleanup measures safe, effective
  4. Chinese consumers fill big Western shoes abroad
  5. Returned migrant workers refill "empty nests"
  6. Luxury shoppers ring alarm bells
  7. Twitter critics confuse politics with business decision
  8. Japan’s actions over Diaoyu Islands will backfire
  9. A reality check on lunar new year
  10. Riding the tide of the times

What's happening in China

Cold wave grips Inner Mongolia

  1. Chengdu golden monkeys settle in HK
  2. China shipwreck death toll rises to 9
  3. 20 held over 80m yuan fake health product ring
  4. Executives detained in financing probe
  5. South-to-north water set to flow next year

PD Online Data

  1. Yangge in Shaanxi
  2. Gaoqiao in Northern China
  3. The drum dance in Ansai
  4. Shehuo in Baoji City
  5. The dragon dance