China’s World-Beating IPOs Get Help From the Regulators

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China’s initial public offerings are vastly outperforming IPOs in the U.S. and Europe so far this year -- and investors can thank Chinese regulators for much of the gains.

The 48 companies that completed IPOs in 2014 have surged an average 54 percent to date when adjusted for deal size, compared with a 9 percent gain for 194 first-time sales outside China, according to data compiled by Bloomberg.