China's New Stock Issue Of Pricing Issues

Capital market is the central component of the national financial system, also the most essential method of financing for a market-share entity, it palys the noticeable role in the promotion of the state-owned enterprise reform and the construction of the modernized enterprise system. However, beside this, capital market is also the most controversial part in Chinese ecomomic society. From the history of the IPO, this text will attempt to analysis the roles of various benefit bodies in the capital market, to pose advise to the way of IPO in Chinese market and to find the background reasons which cause the "capital market crisis " as well.There are four chapters in text, Chapter one outlines the difficult transforming of Chinese IPO from government-administrative to market-desided. Chapter two analyses a multi-polar gambling system, which includes government, public company, Security Company and investors. Chapter three introduces the main points and the operation of the IPO inquiry system, and analyses the correlative bodies under this system. Last chapter put forward the proposal of the IPO pricing reform in the areas of the construction of foundational marketing system and the standardization of the capital market.Capital market is considered as the complex of multi-dependences, any type of innovating from a single aspect can not correct capital market to the expected situations. The only way to achieve the goal is to take the related actions in the same time and from every source...