The innovation of issuing pricing system in the first day of frying

For gem listed companies may encounter the first day of the FRY, experts from the Innovation of new shares issued pricing system to prescribe a different prescription. "The first day of stir fry problem, we did a statistic, the SME board listed company average rose 130%, turnover rate 70%."　　He Shing, director of the Securities Research Institute, said that from the gem listing rules for the draft view, can avoid these problems, but still need to be on the basis of existing information disclosure, reform the IPO pricing system, while strengthening investor education. The assistant general manager of China Merchants Securities was the first to put forward the T+3 rules in technical means. "The proposed technical means to take precautions against the risk of frying, for example, the first 20 trading days or the first 30 session of the implementation of T+3, and then all back to t+1." Otherwise, there will inevitably be some company stock is fried. "For the use of technical means such as t+3 to avoid the risk of frying, CIC Securities investment banking executive general manager Wang Chengjun that this is only postponed the time of frying." He believes that because of the capital advantage of gem companies to fry the first day of the problem is difficult to solve, it is more feasible to fully disclose the inquiry process in the agency's quotation, so that investors understand the institutional investors on the evaluation of new shares and pricing.