RSSNewsletterSiteMapFeedback

Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / Finance Tools: Save | Print | E-mail | Most Read | Comment
Mainland tops world in IPO funds
Adjust font size:

The Chinese mainland tops out as the world's biggest market in terms of funds raised from initial public offerings in 2007, surpassing the United States, an industry report said yesterday.

 

IPOs on the mainland will keep growing this year and rise to another record.

 

IPOs in Shanghai and Shenzhen topped 477.1 billion yuan (US$65.36 billion) in 2007, PricewaterhouseCoopers LLP said yesterday.

 

The figure for the US market, including the New York Stock Exchange, NASDAQ and American Stock Exchange, sat at 465.3 billion yuan, ending December 20.

 

Companies raised more money selling stock on the Chinese mainland last year than in the previous six years combined as the government urged state-owned companies already listed in Hong Kong to return to the mainland stock market.

 

The value of initial public offerings will grow to 480 billion yuan this year on the Chinese mainland, PwC said.

 

Up to 35 companies are expected to go public on Shanghai and Shenzhen's main board while 100 companies are expected to get listed on the board for small- and medium-sized enterprises in Shenzhen this year, the accounting firm said.

 

"Red-chips will be one of the main waves this year," said Richard Sun, a PwC partner in Hong Kong.

 

Red-chips, companies incorporated overseas and traded in Hong Kong, are expected to be traded on the mainland stock market in the second half of this year.

 

Red-chips are expected to raise about 140 billion to 150 billion yuan on the Chinese mainland this year.

 

"The return of red-chips is a set trend no matter what form it may take," said Frank Y C Lyn, China markets leader of PwC.

 

Another source of IPOs this year will be the return of H-shares, which was the main driver for last year's IPO activities on the Chinese mainland.

 

China-incorporated companies already trading in Hong Kong are known as H-share companies. The group, including Ping An Insurance, China Life Insurance and China Construction Bank, accounted for almost three-quarters of money raised in first-time sales in Shanghai last year.

 

They'll make up a smaller share of yuan-denominated new sales this year - about six to seven H-share companies are expected to return to the A share market this year.

 

The IPOs will be concentrated in industries including finance, telecommunications, retail and property.

 

(Shanghai Daily January 4, 2008)

 

Tools: Save | Print | E-mail | Most Read

Comment
Username   Password   Anonymous
 
China Archives
Related >>
- Survey reveals bullish outlook for this year
- Analysts upbeat on stocks this year
- A perfect close for China's stock market 2007
- Nation top draw for investors
- Frenzy for IPOs boosts investments
Most Viewed >>
-January CPI expected to rise 6.5%
-Lucrative Yuanmingyuan duplication scheme
-Tight monetary policy must not be eased
-Lenovo to sell mobile unit for US$100m
-Housing prices rise 10.2% in major cities in Q4

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright ? China.org.cn. All Rights Reserved E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP證 040089號

主站蜘蛛池模板: 中国speakingathome宾馆学生| 亚洲人成色77777| 色久悠悠色久在线观看| 国产日韩精品一区二区三区在线| 91免费国产精品| 天天干天天在线| yellow字幕网在线播放不了| 翁熄性放纵交换| 国产在线无码视频一区二区三区| www成人国产在线观看网站| 放荡白丝袜麻麻| 亚洲日本天堂在线| 热带雨电影无删减在线播放| 国产亚洲蜜芽精品久久| 黄网站色在线视频免费观看| 国产精品对白交换视频| 97日日碰人人模人人澡| 天天爱天天做久久天天狠狼| 久久国产加勒比精品无码| 本子库全彩时间暂停| 免费无遮挡无码永久视频| 美女扒开屁股让男人桶| 国产一区二区三区精品久久呦| 黄网页在线观看| 国产成人亚洲综合a∨| 日本免费xxxx| 天天综合网在线| 一本之道在线视频| 成人妇女免费播放久久久| 中文字幕日韩wm二在线看| 无码无套少妇毛多69XXX| 久久久久久人妻一区精品| 日本欧美视频在线观看| 久久婷婷五月综合色国产香蕉 | 试看120秒做受小视频免费| 国产女人91精品嗷嗷嗷嗷| 4hu四虎最新免费地址| 国产成人精品第一区二区| 欧美一级特黄乱妇高清视频 | 久久久久亚洲AV无码专区首| 日本亚州视频在线八a|