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1·This article offers an analysis of the seasonal changes of the IPO market in China with the conclusion that there truly exists a peak period of circulation in Chinas stock market.

文章对中国IPO市场的季节性现象进行分析，得出了中国证券市场现实存在发行旺季现象的结论，并对相关的后续研究作了初步展望。

2·Stock market seasonal fluctuation is a part of short time fluctuation theory in stock investment return. This kind of phenomenon exists in the stock market of a lot of countries.

股票市场季节性波动是股票投资收益的短期波动理论，这种现象在许多国家的股票市场中存在。