China’s retail investors account for some 70 per cent of the country’s stock market transactions. Photo: EPA-EFE
China’s retail investors account for some 70 per cent of the country’s stock market transactions. Photo: EPA-EFE
Stocks

Chinese retail investors’ bet on IPOs pays outsize dividends, but analysts say bubble could burst without warning

  • The 243 IPOs in China this year delivered an average first-day appreciation of 126 per cent, according to Wind Information
  • Cathay Biotech, which listed on the Star Market in Shanghai on August 13, became the first stock to slip below its IPO price this year

China’s retail investors account for some 70 per cent of the country’s stock market transactions. Photo: EPA-EFE
China’s retail investors account for some 70 per cent of the country’s stock market transactions. Photo: EPA-EFE
READ FULL ARTICLE