Shanghai Mayor Gong Zheng (left) and Qiu Yong, chairman of the Shanghai Stock Exchange, hit the gong to mark the start of registration-based IPO system on Monday. The first batch of 10 enterprises launching registration-based initial public offerings (IPOs) all saw their stock prices surging on the first trading day. On Monday, 10 companies became the first to list on the main boards of the Shanghai and Shenzhen bourses under the registration-based IPO system. This, as a significant step forward in the country's efforts to improve its capital market, marks the beginning of the full implementation of registration-based IPO system in A-shares, a new era for China's capital market.

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