Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

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

Authors
Yanjie Chen1, a*, Xin Fu2
1Wenzhou Business College
2Capital University of Economics and Business
Corresponding Author
Yanjie Chen
Available Online 26 March 2022.
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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Volume Title
Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
26 March 2022
ISBN
978-94-6239-554-1
ISSN
2352-5428
DOI
10.2991/aebmr.k.220307.097How to use a DOI?
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.

Cite this article

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  -