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Subscription Capital in Stock Market Set New High
While the stock markets of Shenzhen and Shanghai have been experiencing trounces these days, the capital in the primary market again set a new high. The four new shares including Atlantic Welding and South Textile, which made their IPOs shortly after the Chinese New Year Holiday, attracted a total of 620 billion yuan worth of subscription capital, and refreshed the record of 520 billion yuan set up by the four new shares represented by Baosteel in last November.
On Feb 5, the first trading day after the Chinese New Year Holiday, three companies including Atlantic Welding and South Textile made the initial public offerings. On Feb 6, Red Star Development made its IPO. All of the four new shares had a lot winning rate under 0.26 percent, of which Atlantic Welding blocked subscribed capital up to 162.33 billion yuan, South Textile locked up 170.55 billion yuan, and Red Star Development froze 151.03 billion yuan. Total of the four shares set a record in the blocked capital as high as 621.34 billion yuan.
Statistics showed that the highest record set in the primary market was on Nov 16-20 last year. Baosteel, Kunming Pharmaceutical, Hongdu Aviation and Chaodong Cement altogether froze 519.638 billion yuan.
Source: Panorama
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