Counting down: Hong Kong ECM bankers race against clock to close Chinese listings
Hong Kong ECM bankers are in a race against time in their attempts to close listings for Chinese companies, given the likelihood of a sharp drop in investor activity in two weeks. Three companies are now in the market, hoping to follow the successful IPO from Huadian Fuxin Energy, writes Louisa Burwood-Taylor.
Huadian Fuxin priced a HK$2.445bn ($315m) IPO this week, and China Nonferrous Mining, Xiao Nan Guo and China Aluminum International Engineering Corp (Chalieco) are now hoping to add a further HK$4.63bn of supply to the market before the end of the month.
Bankers know that they do not have
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