An electronic screen showing market movements at a Beijing brokerage. Unlike the rest of the world, red denotes positive gains and is a welcoming hue in China’s stock market. Photo: EPA

China’s IPO frenzy is back as speculators chase the momentum

Of the 13 stocks that made their trading debuts this week in Shanghai and Shenzhen, every single one surged by their allowable 44 per cent limit on the first day

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An electronic screen showing market movements at a Beijing brokerage. Unlike the rest of the world, red denotes positive gains and is a welcoming hue in China’s stock market. Photo: EPA
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