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 China IPO Pipeline - Nov 3 globally have ground to a halt 18 min ago

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VIP NewsHound
VIP NewsHound

Posts : 1645
Join date : 2011-08-09

PostSubject: China IPO Pipeline - Nov 3 globally have ground to a halt 18 min ago   Wed Nov 02, 2011 10:05 pm


SHANGHAI, Nov 3 (Reuters) - Initial public offerings globally have ground to a halt because

of volatile markets and sovereign debt concerns, shutting off a key supply of funding for

companies and revenue for banks.

In mainland China, companies raised about $34.9 billion from first-time share

sales in the first nine months of the year, down 37 percent from a year earlier, Thomson Reuters

data showed.

Still, companies such as New China Life Insurance Co, China Communications Construction Co and Shaanxi Coal Industry Co are pushing ahead with IPO plans worth billions of

dollars in the coming months, further testing demand in a market where investors have turned

more cautious about new listings.

Following is a list of Chinese companies that have either announced or are reported to be

planning mainland IPOs.

Company Deal size Listing destination Target date

China Communications Construction $3 bln Shanghai IPO application

has been

approved by


Shaanxi Coal Industry $2.7 bln Shanghai IPO application

has been

approved by


Western Securities $160 N/A IPO application

has been

approved by


Soochow Securities N/A Shanghai IPO application

has been

approved by


New China Life Insurance $4 bln Shanghai, Hong Kong 2011

Guangfa Bank $5-5 bln Shanghai, Hong Kong 2011

People.com.cn $120 mln Shanghai 2011

People's Insurance Company of China $5-6 bln Shanghai, Hong Kong 2011/2012

Group (PICC)

Beijing-Shanghai High-Speed Railway $5 bln Shanghai, Hong Kong N/A

China Railway Materials $2 bln Shanghai, Hong Kong 2012

Guangzhou Auto N/A Shanghai 2011

Spring Airlines N/A Shanghai 2012

Bank of Shanghai $2.8 bln Shanghai 2011

Taikang Life N/A Shanghai N/A

Jiangsu Jiangyin Rural Commercial $300 mln Shanghai 2011


Bank of Jiangsu $1.6 bln Shanghai N/A

Shanghai Automotive Industry Corp N/A Shanghai N/A

(SAIC) Group

China Huarong Financial Leasing N/A Shanghai 2011/2012

Beijing Capital International N/A N/A 2012


Phoenix Metropolis Media Technology N/A Shenzhen N/A

FAW Group N/A N/A N/A

($1 = 6.378 yuan)

(Compiled by Shanghai newsroom; Editing by Jacqueline Wong)

<p>(kazunori.takada@thomsonreuters.com)(+86-21-6104-1799)(Reuters Messaging: kazunori.takada.thomsonreuters.com@reuters.net)
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