China Tells

China Metallurgical Corp jumped as much as 38% on its debut on Shanghai A Share market today. China Metallurgical is the second biggest stock to be listed globally in 2009, along with some other super large SOEs in China to be listed, such as China Construction, and Sichuan Express. The size of China’s SOEs has aroused heated debate in academia and industry recently. According to a report from Xinhua, China’s SOEs reported a fall of 30% in their profitability last year.

金融时报报道，中冶今天在上市首日即大涨38%收市，显示了大型国企在股票市场受追捧的程度。中冶今年在上海香港两地上市，在上市规模处于全球第二大位置。

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