IPO shares, once favoured by speculative retail investors, are likely to become 2017’s worst performers as more new share sales came on stream and regulators increased its surveillance on stock manipulation. Photo: AP

China’s IPO shares set to become worst performers for a second year on increased supply and surveillance

Index of new listings on the Shenzhen exchange has retreated 32pc so far this year, as value of IPO shares rises almost 40pc from 2016 and the regulator ratchets up efforts to rein in speculation in small-caps.

Topic |   China stock market

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IPO shares, once favoured by speculative retail investors, are likely to become 2017’s worst performers as more new share sales came on stream and regulators increased its surveillance on stock manipulation. Photo: AP
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