Reform of New Share Issuance is Gradually Approaching - Blue Chip Finance

Over the weekend, I was delighted to hear the news that the new stock issuance system is expected to be reformed. Since the emergence of the "first set" of A-shares after China Petroleum's listing last year, the negative impact of new stock issuance and listing on the market has been growing increasingly. On November 16th, I analyzed the four major drawbacks of new stock issuance and strongly appealed for "reforming the new stock issuance method by changing the online and offline subscription to allocation based on market value."