By equal-weighted CAR, former researches on the long-run performance of Chinese IPOs have found that IPOs in Chinese stock exchanges outperform index in the three years after going public.

IPO长期业绩的早期研究以算术平均的累计调整收益率为指标，发现我国新股存在着长期超额报酬。

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Small Chinese fishing villages like Shenzhen have become megacities with their own stock exchanges.

深圳等中国小渔村已变成拥有证券交易所的大城市。

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Shares of the Chinese car and battery maker BYD have fallen at the stock exchanges in Hong Kong and Shenzhen, after the company issued a profit warning.

在比亚迪公布自己的利润警告之后，中国的汽车和电池制造商比亚迪在香港证券交易所和深圳证券交易所的股票应声下跌。

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The Morgan Stanley China A Share Fund (NYSE: CAF) invests at least 80% of its assets in A-shares of Chinese companies listed on the Shanghai and Shenzhen Stock Exchanges.

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Of the 90 publicly listed Chinese property developers listed on the Shanghai and Shenzhen stock exchanges, almost two-thirds of them reported negative operating cash flows for the first half of 2010.

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Stock exchanges abroad have loosened regulations to attract Chinese listings.

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