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The horizontal axis is labelled year and shows values from 2004 to 2014. The vertical axis ranges from 0.00 to 1.00. Data points are plotted for each year and connected by straight line segments. The value is about 0.67 in 2004, drops to about 0.33 in 2005, rises to about 0.83 in 2006, and is about 0.70 in 2007. The value increases to about 0.84 in 2008 and about 0.85 in 2009, then slightly decreases to about 0.83 in 2010. It declines further to about 0.78 in 2011 and is about 0.79 in 2012. The value drops sharply to 0.00 in 2013 and then rises to about 0.88 in 2014.
Figure 1.
The horizontal axis is labelled year and shows values from 2004 to 2014. The vertical axis ranges from 0.00 to 1.00. Data points are plotted for each year and connected by straight line segments. The value is about 0.67 in 2004, drops to about 0.33 in 2005, rises to about 0.83 in 2006, and is about 0.70 in 2007. The value increases to about 0.84 in 2008 and about 0.85 in 2009, then slightly decreases to about 0.83 in 2010. It declines further to about 0.78 in 2011 and is about 0.79 in 2012. The value drops sharply to 0.00 in 2013 and then rises to about 0.88 in 2014.Annual IPO approval rate over time
Note(s): This figure depicts the annual IPO approval rate during the period of 2004–2014. The approval rate is equal to the number of approved IPOs divided by the number of total IPO applications under the Review Committee evaluation. The approval rate varies significantly over time. In 2013, the Chinese Government suspended IPOs for the whole year, and the approval rate becomes zero