At last, we suggest some measures to improve the IPO efficiency in China.

最后，提出了提高我国新股发行定价效率的有关政策建议。

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First of all, the thesis structures new IPO efficiency analysis framework.

首先，论文构建了新的IPO效率分析框架。

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The existence of the high IPO efficiency distortion of the China stock market has already influenced its normal full play of different functions.

中国股票市场极高的IPO效率扭曲程度的存在，已经影响到了其各种功能的正常发挥。

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