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Initial public offerings (IPO) volumes at the Beijing Stock Exchange (BSE) have suffered the least after authorities restricted new share sales on the three mainland bourses this year, reflecting investors confidence in government support for the country’s newest and best performing equity market.
Dual-listed Chinese companies traditionally command higher valuations for their shares on domestic exchanges than their own shares listed in Hong Kong. That premium, currently close to the highest in 13 months, is expected to widen next year on policy tailwinds, analysts said.
China’s stocks are heading for an unprecedented third straight year of losses amid a slew of setbacks ranging from flopped reopening trade to faltering growth and unprecedented foreign outflows.