Official confident in China’s IPO market
Updated: 2011-06-28 16:30
By Yin Mingzhe (chinadaily.com.cn)
China became the world's largest IPO market in 2010 and will cement this position during the next 10 years, the Guangzhou-based Yangcheng Evening News reported Monday, citing an official from the country’s securities watchdog.
He also said that it is necessary to introduce social security and pension funds into the capital market to keep the market healthy.
"It is a long way to go for us to develop a complete financial intermediary system," Qi said. But if the capital market is not fully developed, it will damage the national economy, including real estate, agriculture and the mining industry, he added.
"Last year more than 50 companies went public in Zhejiang province alone. It is expected that the trend will be maintained in the next 10 years," Qi said.
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