5、Commission(CSRC)promulgatedtheAdministrationofsecurities
issuanceoflistedcompanies.frombirthPPischasedbythecapital,therearefunds,
securitiesfirms,otherinstitutionalinvestorsandretailinvestorstoparticipateinPP.the
maininvestorinPPincludemajorshareholders,institutionalinvestors,strategicinvestors
and