Ken Wang covers China's ECM and the equity-linked market for IFR. Before joining Thomson Reuters IFR in January 2011, he worked as a stock editor for China Finance Online.
China Railway Construction Corporation is studying the possibility of selling new shares in Shanghai and Hong Kong to raise as much as US$2bn, according to multiple sources familiar with the situation.
Industrial Securities has offered to compensate investors for at least 60% of losses linked to a fraudulent IPO it sponsored in 2014, providing a reference point for other brokers looking to quantify potential liabilities related to A-share listings.
A slowdown in the pace of mainland listings is forcing some of China’s IPO-focused funds to throw in the towel.