I recently retired as UK senior partner of BDO after 23 years as a partner with the firm.?Last year, I took up?a position as visiting professor at Xiamen University, China. My wife is Chinese and I?decided to?spend three months exploring business opportunities in the region and trying to learn some Mandarin.I’m blogging about my experiences in China for Real Business ? catch up on my journey so far (see “related articles” on the right-hand side).?
Blog 70Valued at about ?2bn, the biggest mainland China IPO this year is likely to be Sinohydro, which is state-owned and built two-thirds of the country’s hydro-electric plants.? There were 349 IPOs last year and in H1 2011 there were 164 IPOs, raising about ?1.5bn.? There are calls to restrict further the number of IPOs, against a backdrop of the Shanghai index having lost about 12% so far this year; last year it was the world’s 3rd worst performing index. ? Whatever may be happening in “the real economy” IPOs do not seem to reflect it.
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