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China stock market being held hostage by a few IPO plans

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As brokers take orders this week for the next 11 IPOs, investors are bracing for short-term swings in shares.

Shanghai

SO much money is chasing after China's next round of initial public offerings (IPOs) that the nation's US$4.3 trillion stock market has become hostage to the fundraising plans of companies seeking just US$1.3 billion.

As brokers take orders this week for the next 11 IPOs,

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