IPO Door Re-Opens  

作　　者：Lan Xinzhen 

出　　处：《Beijing Review》2013年第27期36-37,共2页北京周报（英文版）

摘　　要：Chinese portfolio investors may never forget PetroChina Co. Ltd.＇s initial public offerings （IPO）. On November 5, 2007,PetroChina was listed on the Shanghai Stock Exchange as the most profitable company in Asia. Its IPO price was 16.7 yuan （$2.71）, but shares opened at 48.6 yuan （$7.88） on the first day of tradin~ The resplendent financial figures attracted flocks of investors. But two days later, its stock price began its long downturn. The stock price fell below the offering price of 16.7 yuan a year later, and on June 27, its stock price only stood at 7.36 yuan （$1.2）.China’s young securities market,reforms are on the way forinitial public offerings Chinese portfolio investors may never forget PetroChina Co. Ltd.’s initial public offerings (IPO). On November 5, 2007, PetroChina was listed on the Shanghai Stock Exchange as the most profitable company in Asia. Its IPO price was 16.7 yuan ($2.71), but shares opened at48.6yuan($7.88)on the first day of trading.The resplendentfinancial figures attracted flocks of investors.But two days later, its stock price began its long downturn. The stock price fell below the offering price of 16.7 yuan a year later, and on June 27, its stock price only stood at 7.36 yuan ($1.2).

关 键 词：中国石油天然气股份有限公司 证券市场 IPO 发行 股票 改革 证券交易所 投资者 

分 类 号：F832.51[经济管理—金融学]