From the perspective of information spillover, an empirical study has been conducted in this paper about information spillover effect of the real estate plate in A-share secondary market on primary market's IPO latest restarted in China Through Johansen Co-integration Tests and Granger Causality Tests, it has been concluded that a long-lasting stable relationship exists between the real estate plate stock in A-share secondary market and the IPO in primary market; furthermore, any change in real estate plate stock index would trigger a variation in IPO financing volume.
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