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.
Boutique investment bank China Renaissance last week launched a domestic securities joint venture, becoming the highest-profile new entrant under the Closer Economic Partnership Arrangement framework between Hong Kong and China.
China Dragon Securities added to a revival of interest in China’s over-the-counter equity market last week with a Rmb9.92bn (US$1.45bn) fundraising, the biggest so far this year.
Bank of Shanghai raised Rmb10.67bn (US$1.57bn) from the largest domestic IPO in China since equity markets crashed in the summer of 2015, highlighting investors’ enthusiasm for new listings ahead of several large floats from the brokerage sector.