All stocks that debuted over two days in Shanghai and Shenzhen hit their first day limit. Photo: Reuters All stocks that debuted over two days in Shanghai and Shenzhen hit their first day limit. Photo: Reuters
All stocks that debuted over two days in Shanghai and Shenzhen hit their first day limit. Photo: Reuters

When it comes to China IPOs, investors are irrational

Beijing's planned new market-based IPO mechanism may be ignored by retail investors keen on quick first-day gains

All stocks that debuted over two days in Shanghai and Shenzhen hit their first day limit. Photo: Reuters All stocks that debuted over two days in Shanghai and Shenzhen hit their first day limit. Photo: Reuters
All stocks that debuted over two days in Shanghai and Shenzhen hit their first day limit. Photo: Reuters
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