no code implementations • 18 Jul 2023 • Qi Deng, Linhong Zheng, Jiaqi Peng, Xu Li, Zhong-guo Zhou, Monica Hussein, Dingyi Chen, Mick Swartz
We find that the most efficient regulation regime in Chinese IPO pricing has four characteristics: 1) registration system, 2) no hard return caps nor trading curbs that restrict the initial return; 3) more specific listing rules for issuers, and 4) more stringent participation requirements for investors.
