New listings set to cheer bourses

Low valuations, anticipated high returns to lift investor sentiment

New share listings are expected to lift investor sentiment on Chinese bourses, with the current low valuations providing enough room for higher future returns, market analysts said on Wednesday

Trading in the shares of the newly listed Wuxi Xuelang Environmental Technology Co, Shandong Longda Meat Foodstuff Co, and Feitian Technologies Co, is expected to start in Shenzhen on Thursday, the Shenzhen Stock Exchange said in an announcement on Tuesday night. The initial public offerings of the three companies marked the resumption of IPOs on Chinese bourses after a long hiatus.