In recent years, there has been a big price (36) between the primary and secondary stock markets due to different pricing (37) . It is estimated that the prices of new shares (38) 90 per cent over the (39) price once they enter circulation.
Furthermore, since big investors grab most of the initial public (40) , they can get stable and low-risk premium yields in the (41) market.
This situation has caused hundreds of billions of yuan to remain in the primary market, which (42) influences the money supply and (43) enthusiasm in the secondary market.
(44) .
The newly issued policy aims to balance the real profit in the two markets. Under the new policy, which begins on Tuesday, (45) .
This means investors in the secondary market can also enjoy the premium yield. It is an incentive for investors to join the secondary market and hold shares for a longer time.
This policy will stimulate "the common prosperity" of primary and secondary markets and (46) .