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).
Valued 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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