On June 2， the eve of the first IPO， the total market value of shares listed on Shanghai and Shenzhen Stock Exchange， the country's two bourse， was 4，423.2 billion yuan， but on Monday， the market value of the same shares dropped to 4，017.8 billion yuan， the Xinhua-run China Securities Journal reported Tuesday.
During this period， 10 companies including the state-owned Bank of China （BOC） and the Daqin Railway witnessed their IPOs in the mainland market.
The 10 IPOs altogether raised fund of 40.6 billion yuan， according to the newspaper.
The market has enjoyed a solid run since late last year and there have been periodic bursts of heavy profit-taking but the past month or so has seen several days of significant losses.
On Monday， Chinese share prices closed sharply lower， falling 2.98 percent on continuing liquidity concerns as the pace of IPO approvals picks up.
Chinese regulations require investors to apply or subscribe to buy shares in an IPO by putting funds up front which are frozen for four days.
Potential investors are then selected randomly in a computerized lottery. Unlucky investors who are unsuccessful in winning the right to buy new shares have their funds returned within four days.
Dealers attribute recent index downturn to investors raising cash for the upcoming IPOs， with many of the newly listed stocks expected to do well and provide quick profits.
Dealers remained concerned about emerging liquidity pressure， with Air China and Industrial and Commercial Bank of China （ICBC） on the listing trail.
Within 9 months， the market value of shares newly issued is expected to exceed 3.3 trillion yuan， almost the same size as the total share value in the two bourse before IPO resumption in June， latest report provided by the Shenying & Wanguo securities institute.
Frequent refinancing and IPOs were blamed for contributing to the four-year stock index slump in China.
The China Securities Regulatory Commission （CSRC）， the country's securities market watchdog， suspended refinancing of listed companies as well as IPOs throughout 2005. Enditem
【Market value of Chinese shares drops 400b yuan(中新社】相关文章：
2025年外省高中学业水平合格性考试成绩转入江苏认定的通告公布03-25
Vb中控件的自动排列03-25
中国大地保险公司实习报告03-25
2018国家电网新大纲财会类市场模拟卷多选题（二）03-25
07年4月北师大“中国古代文学史（一）”串讲（5）03-25
2023年广东梅州中考成绩查询时间及查分入口[7月7日起]03-25
儿童舞蹈教程：国标新手上路03-25
2024年江苏中级导游等级考试准考证打印时间及入口（11月18日9:00起）03-25
生态护坡技术创新措施论文03-25