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Market Economy

The changes of IPO and pricing on China’s stock market


By Ba Shusong, Chen Ruoyu 

Date: 2004/02/25


There have been several phases in new stock pricing in China's stock market, namely, fixed price, invariable price/earning ratio price, cumulated bidding pricing, and price on controlled price/earning ratio. The changes in the stock pricing are mainly depending on the after-tax earnings of each share and price/earning ratio.