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.
The pipeline of major Hong Kong IPOs before the end of the year is now thinner as China Grand Automotive Services has postponed its US$500m–$800m listing.
The board of Industrial Bank has cut to Rmb26bn (US$4.25bn) from Rmb30bn the size of funds to be raised through its proposed offering of domestic preferred shares.
China International Capital Corp, one of the PRC’s top investment banks, is pressing ahead with plans for a Hong Kong listing, despite the resignation of one top executive and the pending departure of another.