Wednesday, July 04, 2007

China to be Largest IPO Issuer in 2007

More signs of the continued growth of China, and its rise to prominence on the world stage:

Capital raised by new listings in China is set to exceed $52bn this year, twice the figure forecast in January, putting the mainland on track to become the world’s leading centre for share offerings this year.

The potential sums raised in primary and secondary listings this year underscore the huge liquidity in China’s domestic stock market and will heighten fears in Hong Kong, London and New York that they will no longer continue to benefit from hosting mainland IPOs.

Forget Iran and Iraq; our next President better know how to handle China. Whoever he (or she) is, let's hope for policies that allow American companies to weave their way deep into the Chinese economy and culture.

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