: Introduction of Green shoes can make the price discovery process more stable

August 9 Afternoon News Everbright Bank Inspection commission secretary, Chief auditor, said today, the bank issued the implementation of green shoes is the introduction of international practice, adapt to domestic capital market changes in the distribution of the effective way to improve and supplement, through the use of green shoes, can make the process of price discovery more stable.　　The use of green shoes in the international capital market is widely used, which is a technical arrangement established by issuers and underwriters to adjust the size of distribution and reduce the volatility of IPO in order to adapt to the rapidly changing market conditions.　　Green shoes, that is, the option of excess placements, is an option granted by the issuer to the main underwriter, and the authorized principal underwriter may allocate a total of not more than 115% of the initial issue size to the investors by placing an allotment of 15% per cent of the initial distribution at the current issue price. China International Finance Limited is the joint principal underwriter of Green shoe operation for Everbright Bank's current issue. On the specific operation of green shoes, investors can be detailed in the August 9 published in the "online funds purchase notice." (Ding)