the full pricing-in of opinions from bulls and bears, an uptrend wi
h fluctuations, and a return to rationality,” the SSE said in the announcement.亚博贵宾夜生活
Relaxed price fluctuation limits have enabled the STAR Market stocks to be more timely priced, leading to higher p
ricing efficiency than the main board, according to analysts from Shenwan Hongyuan Securities.
亚博贵宾夜生活女神会所Securities regulators lifted price fluctuation limits for STAR stocks in their first five trading days, and thereafter a 20 pe
rcent daily price fluctuation limit is effective, versus a 10 percent limit on the main board.
Analysts expect trading on the STAR Market to become more rational in the medium term, with valuation levels to bet亚博贵宾夜生活
ter reflect company fundamentals. Firms with strong fundamentals may sustain high
valuations, while weaker ones may see a marked divergence in stock price performance.
The market-oriented initial public offering mechanism亚博贵宾夜生活女神会所
of the STAR Market, or the registration-based IPO system, also showed its effect, with the 28 STAR li
stings’ price-to-earnings ratios of offer price varying from 18 to 269, according to SSE data.亚博贵宾夜生活
This marked a difference from the main board, where almost all new offerings are p
riced at a maximum of 23 times earnings under the approval-based IPO system.
亚博贵宾夜生活女神会所The SSE also disclosed that during the first trading month of the STAR Market, it strengthened
supervision on illegal trading and dealt with eight cases of abnormal trading behavior on the new board.
No-go areas for gasoline vehicles to spur new energy sector’s development亚博贵宾夜生活
China is encouraging local authorities in regions with appropriate conditions
to set up no-go zones for gasoline cars and use more new energy vehicles for public trans
port, which analysts and industry insiders say will help boost the industry’s development.亚博贵宾夜生活女神会所
“Regions with ripe conditions have our support if they establ
ish trial projects to establish no-go zones for gasoline-powered vehicles
and replace such vehicles with new energy vehicles in the urban public transport system,”
said the Ministry of Industry and Information Technology in a statement on its website on Tuesday.