This IPO is interesting because it's a test case for how well China can provide a code of laws assurance to the worldwide investor. So far, so good. But the Chineese system has a similar habit of disenfranchising shareholders, and in this case, it could happen in the blink of an eye.
It's too early to say how it would function in an hypothetical situation. Clearly, that question will have to be settled in the coming decade: what happens when a Chinese company does not behave well? For the moment, people are just hoping for a quick buck, just as with most IPOs.