Date
17 August 2017

Shanghai bourse to keep close watch on debut trading, paper says

The Shanghai stock exchange will conduct full-session monitoring of trading in initial public offering (IPO) shares for the first 10 trading days after they are listed, the China Securities Journal reported Friday, citing an unnamed manager in the exchange. That means Neway Valve (Suzhou) Co., Ltd.(603699.CN), the first company to list on the exchange since applications reopened, will be scrutinized during its pre-open, normal, and after-hours sessions from Friday, its first trading day. The exchange will post updates on the monitoring along with risk alerts on IPO trading through its weibo account. It has also told securities brokerages to pass on such information to their clients in a timely fashion, the report said.

– Contact HKEJ [email protected]

TL/AC/SK

 

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