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| OFF THE CHINESE PRESS | |
| 摘 要： | Stock Market ReformsThe China Securities RegulatoryCommission (CSRC) announced it would liftthe controls on new share quotas and open theprices of new shares to market fluctuations inMarch 2001. In China, new stocks are first soldon the primary market. When they are subsequently resold on the regular, or secondary,market, the prices usually rise dramatically.From 1996 to the first half of 2000, theannual profit rate in the primary market was67.72 percent. It hit a record high in 1997 at1… |
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