star trading: Out of the 645 institutions that subscribed to the IPOs that made their debut on the market, only 77 were overseas institutions, the China Business News reported earlier this month, according to Global Times China. On Monday, all 25 debutants on the STAR Market finished the first day's trading with gains of at least 84 percent. Foreign institutions stayed on the sidelines as they are cautious toward the STAR Market, said Wu Xiaoping, a financial researcher, on Sunday. However, the majority of foreign investors missed the opportunity to make money. China is likely to encourage more foreign capital to participate in STAR trading and give such investors greater access to the bourse. It is understandable that most foreign institutional investors kept cautious about the start of trading on China's NASDAQ-style tech board, but we believe the situation will change.
(news.financializer.com). As
reported in the news.
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