Mainland institutional investors have been shifting out of smaller companies in favour of larger ones as financial deleveraging prompts investors to seek firms with lower valuations and secure earnings. Photos; Alamy Stock Photo
Zhang Shidong
Opinion

Opinion

Across The Border by Zhang Shidong

China’s IPO bonanza loses lustre as returns dwindle

New share listings in mainland China are no longer a guarantee of windfall returns as mainland authorities embrace reforms

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Mainland institutional investors have been shifting out of smaller companies in favour of larger ones as financial deleveraging prompts investors to seek firms with lower valuations and secure earnings. Photos; Alamy Stock Photo
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