Listing regulations in China and their effect on the performance of IPOs and SOEs

China started to reform her state-owned enterprises (SOE) in 1990s. As a result of these reforms, some of the companies are partially privatized, while the others are fully privatized. The state kept certain profitable and strategically important SOEs under state control. This paper investigates the privatization progress, the listing requirements for those companies that are listed on two national stock exchanges and the performance of the privatized companies.