First batch of bluechips to list under China's new IPO system surge in debut

First batch of bluechips to list under China's new IPO system surge in debut

FILE PHOTO: A Chinese flag is displayed next to a "Made in China" sign seen on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration

The first batch of blue-chip stocks to list under China’s registration-based initial public offering (IPO) system surged in their Monday debut despite tepidness in the broader market.