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January 14, 2017

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Shares fall as IPOs spark liquidity concerns

SHANGHAI shares yesterday fell for four consecutive days amid liquidity concerns after faster approval of initial public offerings.

The Shanghai Composite Index dipped 0.21 percent to end at 3,112.76 points, posting a weekly loss of 1.32 percent.

Investors worried about liquidity as 45 IPOs listed on the A-share market in December, a monthly record since 1997, and 23 firms went public during the first two weeks of January, open data showed.


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