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China Film’s stock price nearly doubles in first week of trading following its IPO that set a record in the entertainment industry

3 months ago
Sky Canaves
hina Film Co., a subsidiary of state-owned China Film Group and the country's largest distributor, saw its share price rise by the 10 percent daily limit every day since the company's stock began trading in Shanghai on Monday, giving the company a market capitalization of $4.8 billion.
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.