Chinese stocks still popular in US market despite volatility in China and Hong Kong

02 Feb 2007

Despite signs of increasing volatility in Chinese stocks listed in mainland China and Hong Kong this week, a spate of US offers for Chinese stocks proves that investors remain bullish about the prospects for many of these companies.

In the US market for Chinese stocks, New Oriental Education & Technology Group will today (Friday) in Hong Kong launch the sale of up to 7m American Depositary Shares, of which 550,242 would be newly issued and stockholders would sell the other 6.45m ADRs. The deal will raise ...

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