The study examined how Chinese companies raise money after going public, looking at two groups of companies listed before 1996 and in 2000. Contrary to common belief, these companies actually tend to rely more on internal funds and borrowing rather than selling more shares after their initial public offering. Both older and newer companies in the study showed this trend. This suggests that Chinese listed companies don't prefer selling more stock for financing as much as some studies suggest, and researchers believe more investigations are needed to fully understand their funding choices.