Chinese stock still very much wanted

Despite a continued volatile stock market, the relative success of the launch of China Railway, going up 69%, shows the Chinese are still picking up shares from good companies, indicates the Financial Times.
The analysts differ in opinion:

“The first-day performance of China Railway was much stronger than I had expected,” said Zhang Yidong, analyst at Industrial Securities in Shanghai. “It shows that there is still abundant capital in the market.”

However, Li Xianming at Ping An Securities in Shenzhen, said the first-day close had been lower than seemed likely a few weeks ago. “Investors are being more conservative than they were before,” he said.