China Tells

According to WSJ, China has taken a few steps to cool down the IPO market. The measures include stopping granting new licenses to financial institutions to allow them to bid alongside their counterparts for initial public offerings. The main purpose of license freeze is to curb excessive liquidity in the market. Since the beginning of the year, Shanghai A share has gone up by about 56%, making it the best performing stock index in the world.

华尔街日报消息，中国证监会近来停止给金融机构发放购买许可证。此举旨在给目前火热的股市降降温，以控制过多的资金流入股市。自今年一月份以来，沪深股指涨了大约56%，在全球股市低迷的环境中一枝独秀。