久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

BIZCHINA> Top Biz News
IPO frenzy triggers hikes in interbank repo rates
By Bi Xiaoning (China Daily)
Updated: 2009-07-15 10:28

IPO frenzy triggers hikes in interbank repo rates
Investors checking share prices on an electronics screen at a brokerage in Shanghai. Share prices of new issues have been on a roll after the ban on IPOs was lifted recently. [Agencies]

The new share frenzy, whipped up by the strong debut of the two relatively minor stocks after the lifting of the nine-month suspension in late June, is beginning to make an impact at the macro economic level.

Bankers and stock analysts said the increased demand for funds by investors to subscribe for corporate initial public offerings has spurred domestic interbank market interest rates.

Latest figures showed the benchmark seven-day repurchase rate, which measures funding availability in the interbank market, has gained four basis points, or 0.04 percentage point, since last Friday to 1.26 percent.

Stock analysts attributed the unusually large rate increase to the funding demands by investors, mainly institutions, who are keen on bidding for the 42.6 billion yuan ($6.23 billion) IPO of China State Construction Engineering, the first mega issue to come to the market this year.

"Whenever there is a major IPO by a large enterprise, the interbank repurchase rate will fluctuate widely," said Lu Junlong, analyst, China Finance Online. "To some extent, higher interbank repurchase rate signaled that more capital was being diverted for subscription to new issues," he said.

So far, five companies have obtained approval from the China Securities Regulatory Commission (CSRC), to go public since the IPO market was resumed in June, including two large-cap stocks China State Construction and Sichuan Expressway Co.

Related readings:
Restart of IPO
Related readings:
IPO frenzy triggers hikes in interbank repo rates IPO activity to pick up in second half of the year
IPO frenzy triggers hikes in interbank repo rates IPOs back after long suspension
IPO frenzy triggers hikes in interbank repo rates IPO rules buoy State companies
IPO frenzy triggers hikes in interbank repo rates Chinese shares hit one-year high driven by insurance stocks

Investors' pent up speculative interest in IPOs also led to an unusually high jump in the prices of two newly listed stocks. Guilin Sanjin Pharmaceutical Co and Zhejiang Wanma Cable Co both surged on their July 10 debuts.

According to the Shenzhen Stock Exchange, individual investors are the main buyers for the new shares on the first trading day.

"In 2008, about 56 percent of the investors who speculated on the newly listed stocks that debuted on the small- and medium-sized enterprise (SME) board in Shenzhen were individual investors and over half of them incurred losses after 20 trading sessions," said Song Liping, general manager of the Shenzhen bourse.

Besides the officials' warning, the individual investors have also been affected by speculation frustrations.

"I don't subscribe or speculate in new shares now, since I have felt the pain of speculation by buying PetroChina shares on its first trading day," said Zhu Hongbin, an individual investor with over 10-years experience in investment.

PetroChina Co Ltd got listed on the A-share market in late 2007, and was a nightmare for many investors. With an opening price of 48.6 yuan, the scrip began to fall soon and its current price is around 15 yuan, still below its issue price.

In many cases, bids for new issues were in excess of their underlying value. The chances for individual investors to subscribe the new shares are increasing after the new listing mechanism was reformed, but still hovers at a low level.

"The ratio of allocation to subscription is just around 0.1 percent, similar to the lottery. If you are lucky enough, you may get the new shares from subscription. I prefer to analyze the stocks and invest selectively," said Zhu.


(For more biz stories, please visit Industries)

 

 

久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    5858s免费视频成人| 色菇凉天天综合网| 日韩手机在线导航| 国产丝袜美腿一区二区三区| 免费av成人在线| 欧美日韩一区二区三区不卡 | 波多野洁衣一区| 26uuu精品一区二区三区四区在线| 国产精品嫩草影院com| 成人精品视频一区二区三区| 精品999久久久| 狠狠网亚洲精品| 精品国产一区二区三区忘忧草| 精东粉嫩av免费一区二区三区| 91精品欧美综合在线观看最新| 五月天一区二区三区| 7777精品伊人久久久大香线蕉超级流畅| 一区二区国产盗摄色噜噜| 91九色最新地址| 亚洲一二三四在线| 91猫先生在线| 一区二区三区四区不卡在线 | 福利一区在线观看| 国产三级欧美三级日产三级99| 亚洲1区2区3区视频| 欧美视频在线播放| 亚洲一区二区欧美激情| 在线观看成人免费视频| 亚洲五码中文字幕| 日韩一区二区三区电影| 精品一区二区三区香蕉蜜桃| 久久久激情视频| 成人黄色小视频| 亚洲黄色小说网站| 欧美中文字幕一区二区三区亚洲| 亚洲成在线观看| 精品日韩99亚洲| 国产成人精品午夜视频免费| 国产精品区一区二区三| 色综合一区二区三区| 一区二区三区在线观看视频| 91精品国产综合久久婷婷香蕉| 麻豆久久久久久| 久久精品夜色噜噜亚洲a∨| 成人免费看片app下载| 亚洲精品一二三| 欧美日韩亚洲国产综合| 另类小说图片综合网| 国产日韩在线不卡| 色婷婷av一区二区三区大白胸| 五月婷婷色综合| 久久久亚洲午夜电影| jiyouzz国产精品久久| 亚洲国产日产av| 欧美大白屁股肥臀xxxxxx| 国产福利一区二区三区视频在线| 亚洲免费看黄网站| 欧美一区二区三区公司| 国产99一区视频免费| 亚洲精品少妇30p| 678五月天丁香亚洲综合网| 国产精品一区在线观看乱码| 亚洲精品美国一| 制服丝袜亚洲色图| 成人久久18免费网站麻豆 | 国产一本一道久久香蕉| 欧美xxxxx裸体时装秀| 99久久精品一区| 日本在线不卡一区| 国产精品久久久久久久浪潮网站| 国产福利91精品一区二区三区| 亚洲精品乱码久久久久久黑人 | 成人丝袜高跟foot| 天天操天天综合网| 久久精品视频在线看| 欧美性生活大片视频| 国产精品69毛片高清亚洲| 亚洲大片免费看| 中文字幕免费一区| 欧美日本国产一区| 久久精品国产秦先生| 欧美成人video| 国产成人午夜99999| 午夜精品免费在线观看| 国产精品精品国产色婷婷| 欧美一区二区观看视频| 色婷婷综合五月| 亚洲综合视频在线| 中文字幕巨乱亚洲| 欧美白人最猛性xxxxx69交| 欧美中文字幕一二三区视频| 国v精品久久久网| 麻豆精品久久精品色综合| 久久久精品中文字幕麻豆发布| 欧美精品高清视频| 91免费精品国自产拍在线不卡| 国产伦理精品不卡| 男人操女人的视频在线观看欧美| 精品日韩一区二区三区| 欧美精品久久久久久久多人混战 | 一二三四社区欧美黄| 精品国免费一区二区三区| 成人激情文学综合网| 国产精品资源在线观看| 免费在线观看一区二区三区| 亚洲自拍偷拍欧美| 日韩一区中文字幕| 国产精品天干天干在线综合| 久久影院电视剧免费观看| 国产福利一区二区三区视频| 一区二区三区日本| 亚洲一区二区视频| 亚洲成年人网站在线观看| 午夜精品视频在线观看| 免费观看成人av| 韩国精品久久久| 国产福利一区二区三区视频在线 | 国产精品综合一区二区三区| 国产精品亚洲成人| 成人av影视在线观看| 色婷婷综合久久久久中文 | 午夜欧美一区二区三区在线播放| 丝瓜av网站精品一区二区| 蜜臀99久久精品久久久久久软件| 国产在线不卡一区| 成人av网在线| 欧美在线不卡视频| 日韩视频一区二区三区| 久久精品一区蜜桃臀影院| 国产精品久久久久影院色老大| 亚洲精品国产成人久久av盗摄| 亚洲成人自拍一区| 另类成人小视频在线| 国产精华液一区二区三区| 播五月开心婷婷综合| 在线观看日韩电影| 精品人在线二区三区| 国产精品久久久久影院色老大| 一区二区三区日韩欧美| 麻豆91在线看| gogo大胆日本视频一区| 欧美精品自拍偷拍动漫精品| 久久日一线二线三线suv| 亚洲欧美一区二区视频| 丝袜脚交一区二区| 国产99久久久精品| 精品视频免费看| 久久久精品蜜桃| 亚洲成人动漫在线免费观看| 精品亚洲成av人在线观看| 91在线一区二区三区| 制服丝袜av成人在线看| 国产精品素人视频| 日本一不卡视频| 成人免费视频一区二区| 欧美理论片在线| 国产精品视频九色porn| 肉肉av福利一精品导航| 成人毛片视频在线观看| 在线成人av影院| 国产精品欧美综合在线| 日本亚洲电影天堂| 99精品视频在线免费观看| 日韩一卡二卡三卡四卡| 日韩一区在线免费观看| 久久狠狠亚洲综合| 色哟哟国产精品| 久久综合给合久久狠狠狠97色69| 亚洲精品水蜜桃| 国产乱人伦偷精品视频免下载| 欧美综合在线视频| 国产欧美日韩另类一区| 日韩在线观看一区二区| av激情成人网| 精品国产91洋老外米糕| 亚洲一区二区成人在线观看| 成人天堂资源www在线| 日韩女优毛片在线| 亚洲在线视频网站| 成人av网址在线观看| 精品国内片67194| 婷婷综合久久一区二区三区| 97国产一区二区| 久久久久久99精品| 丝瓜av网站精品一区二区| 91免费视频大全| 欧美国产精品中文字幕| 久久精品国产**网站演员| 欧美日韩国产美| 亚洲欧洲综合另类在线| 国产精品99久久久久久久vr| 欧美一区二区三区的| 亚洲国产精品一区二区www在线| 国产成人综合在线| 亚洲精品一区二区三区香蕉| 午夜精品久久久久久久久| 91黄色免费看| 自拍偷拍亚洲欧美日韩| 盗摄精品av一区二区三区| 久久色在线视频|