Funds raised through China's IPOs will soar 73 percent to exceed 320 billion yuan this year as firms expect IPO markets in Shanghai and Shenzhen to continue to pick up in the first half of 2010, PricewaterhouseCoopers (PwC) said in a report.
China's stocks fell on the first trading day of the year as Shanghai tightened tax and mortgage rules, bolstering prospects the government will step up measures to curb property speculation.
Funds raised through China's IPOs (initial public offerings) will soar 73 percent to exceed 320 billion yuan ($46.86 billion) this year, as companies anticipate that the IPO markets in Shanghai and Shenzhen will continue to pick up in the first half of 2010, PricewaterhouseCoopers (PwC) said in a report today.
Chinese equities closed lower on Monday as the benchmark Shanghai Composite Index went down 1.02 percent, or 33.38 points, to close at 3,243.76 points.
The China Securities Index Co (CSI) was to launch the CSI Cross-Straits 500 Index on Jan 18 to reflect the performance of equity markets on the Chinese mainland, Hong Kong and Taiwan.
China International Capital Corp (CICC) topped the rankings of the underwriters of China's initial public offerings (IPOs) in 2009, making an estimated 1.23 billion yuan from fees, Bloomberg data showed.
Commodity demand is a measure of the strength of economic development. It is a leading indicator because it shows anticipated demand. Every new apartment building and office block requires kilometers of copper wire. Copper is one of the foundation metals of modern economic development.
When investors open their books for a new year, without doubt China will be a hot spot they can't afford to miss. And for many who have closely followed the country's rise from the economic slowdown, there are still uncovered opportunities lying in this vastly diversified market.
Chinese equities closed slightly higher on Thursday as the benchmark Shanghai Composite Index went up 0.45 percent, or 14.54 points, to close at 3,277.14 points. The Shenzhen Component Index gained 0.41 percent, or 55.5 points, to close at 13,699.97 points.
Equities advanced to a two-week high yesterday, led by financials, following reports that the State Council has given the green light for stock index futures.
Hong Kong stocks closed down a modest 2.82 points, or 0.01 percent, at 21,496.62 on Wednesday.
The ChiNext rose on Wednesday as 29 of the 36 shares at China's start-up board for small and medium-sized enterprises were up.