From The Economist: By normal standards, investors in Chinese shares ought to be ecstatic. Over the past 12 months prices on the Hong Kong , Shanghai and Shenzhen stock exchanges have leapt by 45%, 83% and 132% respectively. This remarkable performance has been propelled by a convoy of new offerings — some genuine stockmarket debuts, […]
From BBC News: Shares in China’s state-owned railway builder made a strong debut in Shanghai – calming fears after weak debuts by other Chinese companies. China Railway stocks surged 68.54% after a flotation which raised about 22.4bn yuan (¬£1.5bn) for the firm. There had been some worries about its debut after the truck maker Sinotruk’s […]
From The Financial Times: The tide has turned on overseas Chinese initial public offerings, one of the last outposts of irrational euphoria open to foreigners. In the past week, two IPOs have tanked on their debut on the Hong Kong stock exchange: the latest, Sinotruk , slid 16 per cent on Wednesday, the worst first-day […]
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