- CNTV English - CCTV News

Five Chinese firms target $2.1 bln in HK IPOs

09-14-2010 08:46 BJT

Watch Video

Play Video

Five Chinese companies are aiming to raise up to a combined 2.1 billion dollars, from initial public offerings in Hong Kong.

Many were waiting until after the Agricultural Bank of China raised a record 22.1 billion dollars in Hong Kong and Shanghai in July. The market has rebounded in recent weeks, and experts say there's no doubt the market has liquidity to absorb large IPOs.

The five firms include Chinese coking coal logistics company Winsway Coking Coal Holdings, and Chinese property company, Sunac China Holding limited. They aim to raise 800 million and 300 million dollars respectively. Winsway had attracted 120 million dollars in pre-IPO investments. It plans to list in the week of October 11th, while Sunac aims to list on October 7th.

Experts say investors want to tap the massive and growing consumption sector in China, but are cautious about the property sector due to the uncertainty of government policies.

Editor:Xiong Qu |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program