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China extended registration-based IPOs to the whole A-share market on Friday, a key step in China's capital market reform that experts said will lift market efficiency and boost the real economy.
Confidence in China's economic recovery this year has been translated into continued capital inflows into the A-share market, with the momentum likely to continue in the coming months, said experts.
Net purchases by overseas investors on the A-share market hit a monthly record high of $27.7 billion in January, mirroring overseas investors' “active participation” in the Chinese mainland stock market thanks to the rapid revival of China’s economy following the optimization of pandemic response, a Chinese official said on Wednesday.
Chinese regulators announced plans to expand the registration-based IPO system across the A-share market on Wednesday, in an effort to expand the capital market and ratchet up the ratio of direct financing to meet the needs of economic development.
Ups and downs can be seen as a natural phenomenon amid the A-share market's current upward trajectory, which is built on China's economic recovery, economic restructuring and stronger investor confidence, experts said.