P/E Ratio for IPOs Drops to Three-Year Low

(Beijing) – Twenty initial public offerings were launched on Chinese stock markets in July, but their average price-earnings ratio was 26.02, the lowest level since June 2009 when IPO activities resumed after a suspension.

The lowest P/E ratio this year was 12.94 by Jiangmen Kanhoo Industry Co., which launched on the growth enterprises market of the Shenzhen Stock Exchange on July 26.