S'pore bourse may miss revival of Chinese IPOs
Observers cite issue of pricing and past accounting scandals involving Chinese firms
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[SINGAPORE] Even as initial public offerings (IPOs) of Chinese companies are back in favour on major stock exchanges globally, the Singapore market seems to have missed out on this revival.
A stream of Chinese IPOs is expected to flow into the Hong Kong and US markets this year, while the mainland bourses in Shanghai and Shenzhen are set for a record year following the lifting of a ban on new IPOs.
"Some companies (which) were vacillating between Hong Kong and China mainland markets last year are now considering listing in Shanghai this year," said Steven Yan, a China-based investment director at Shanghai AJ Capital Management Co Ltd. "The re-opening of IPO market is certainly good for our industry because some of our portfolio companies may want to list within two years' time."
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