BEIJING, Jan. 11 (Xinhua) -- Chinese shares are likely to face downward pressure in the upcoming week as investors are expected to hold more cash for 22 new share offerings.
It will be the eighth round, and the largest wave of new share offerings, since last June when the China Securities Regulatory Commission, the securities watchdog, restarted the initial public offering (IPO) market.
For the next five trading days, Wednesday alone will see 10 new offerings, Thursday to have another 6 offerings, while each of the other three trading days will have 2 new offerings.