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More IPOs needed on ChiNext

By Li Xiang | China Daily | Updated: 2010-04-09 08:00

Individual investors watch stock prices. The ChiNext board, envisioned as a way for startup firms to raise capital, has a much higher average price-earning ratio than the main board. Ren Weihong / China Daily

Relative few listings on new exchange fueling overvaluation, speculation

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