'One Belt, One Road' to boost Singapore IPOs: Deloitte

Singapore

AFTER a year to forget, Singapore's initial public offering (IPO) outlook can be brighter next year due to infrastructure companies stepping out of China to fulfil the nation's "One Belt, One Road" aspirations, said Ernest Kan, audit firm Deloitte Singapore's chief of operations for clients and markets.

Due to overcapacity in China, state-owned companies there are being encouraged in the One Belt, One Road initiative to pursue trade-boosting projects in Asia and Europe.