Other reforms also look good on paper, such as a stricter separation of institutional and retail channels to strip out speculative bids, and a loosening of lock-ups for certain tranches.

• 其它改革在纸面上看起来也不错，比如更严格地隔离机构与零售渠道，以排除投机性申购，还有放松针对某些股票的禁售期。