FT.com / Asia-Pacific / China - Investors hanker no more for HK and China IPOs - The Diigo Meta page

• 27 Mar 08
  

  Zhuu Ming Ang

  banking

  • Confidence in the depressed market for initial public offerings in Hong Kong and China took another blow on Wednesday as two recently listed companies dropped below their offer prices.

  • There were many interesting Chinese companies that would like to list, Mr Wood said, but they would have to wait until liquidity improved or vendors had changed their price expectations.

    “There’s no shortage of ideas but there’s no investor appetite,” he added.

  • Chinese authorities are controlling bank loans and credit to developers as well as restricting foreign investment in the sector.

    They have also made it harder for consumers to obtain mortgages.

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