What is registration-based IPO system?Registration-Based IPO

The system in which new listings are reviewed by the exchange and registered with the CSRC, fully in place for A-shares since 2023; new stocks listed under it have no price limit for their first 5 trading days (only the first day on the Beijing Stock Exchange).

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China A-Share Rules
Price Limits: How Far a Stock Can Move in a Day
Most main-board stocks can move at most 10% a day, ChiNext and STAR stocks 20%; at the limit-up price buy orders queue up and you may not get filled at all.

Related terms

price limit
main board

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