IPO frenzy triggers hikes in interbank repo rates
By Bi Xiaoning | China Daily | Updated: 2009-07-15 07:51
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Investors checking share prices on an electronics screen at a brokerage in Shanghai. Share prices of new issues have been on a roll after the ban on IPOs was lifted recently. Reuters |
The new share frenzy, whipped up by the strong debut of the two relatively minor stocks after the lifting of the nine-month suspension in late June, is beginning to make an impact at the macro economic level.
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