Reform of IPO Registration System Injects New Vitality into China’s Capital Market

DOI

10.2991/aebmr.k.220307.097How to use a DOI?

Keywords

IPO; Registration system reform; China’s capital market

Abstract

This article analyzes the background of China’s Science and Technology Innovation Board registration system reform. We collect the IPO pass rate of the Shanghai Stock Exchange Science and Technology Innovation Board since the implementation of the registration system, the rise and fall of IPOs, and the subsequent P/E ratio. The analysis results show that the registration system relaxes the listing conditions. The IPO pass rate has increased significantly, and the introduction of the registration system has effectively stimulated the enthusiasm of SMEs to go public and brought new vitality to the market. By comparing, the United States and Hong Kong registration systems, we put forward relevant suggestions for establishing a good securities market ecology and provide a reference for financial market reforms in other developing countries.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Yanjie Chen
AU  - Xin Fu
PY  - 2022
DA  - 2022/03/26
TI  - Reform of IPO Registration System Injects New Vitality into China’s Capital Market
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 602
EP  - 612
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.097
DO  - 10.2991/aebmr.k.220307.097
ID  - Chen2022
ER  -