stringent
adj. strict, demanding
Retail investors in Hong Kong have rushed the share offering by China's first bank to list overseas, Shanghai-based Bank of Communications, but the interest may be a misleading pointer to even bigger Chinese listings planned for coming months.
Large Chinese companies are turning to Hong Kong to raise capital because of less stringent listing requirements than exchanges in New York and elsewhere and because of the strong interest in mainland investment among its gutsy investors.
They are also propelled by the near collapse of China's own sharemarkets, where prices are 40 to 50 per cent below their highest levels in recent years, and where authorities are desperately trying to save ailing brokerages that had been offering guaranteed returns.
[ Hong Kong becomes China's springboard for float ]
Retail investors in Hong Kong have rushed the share offering by China's first bank to list overseas, Shanghai-based Bank of Communications, but the interest may be a misleading pointer to even bigger Chinese listings planned for coming months.
Large Chinese companies are turning to Hong Kong to raise capital because of less stringent listing requirements than exchanges in New York and elsewhere and because of the strong interest in mainland investment among its gutsy investors.
They are also propelled by the near collapse of China's own sharemarkets, where prices are 40 to 50 per cent below their highest levels in recent years, and where authorities are desperately trying to save ailing brokerages that had been offering guaranteed returns.
[ Hong Kong becomes China's springboard for float ]
posted by Dennis @ Monday, June 27, 2005
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