Capital markets: Evolution in Shanghai; make or break for ChiNext
December 08, 2009 | BY
clpstaff &clp articles &2010 is shaping up to be a significant year for China's capital markets, as they continue their struggle back to life after 10 months' inactivity
[This feature is part of The year ahead 2010.]
2010 is shaping up to be a significant year for China's capital markets, as they continue their struggle back to life after 10 months' inactivity.
Initial public offerings are tightly managed by the mainland China regulators, but specialist lawyers say the pipeline for listings in Shanghai looks good, as long as the market remains stable.
“The regulators continue to have an interest in encouraging quality mainland companies to list in Shanghai, and there seems to have been a very deliberate policy of the largest Chinese companies being required to do a Shanghai IPO first, before going on to tap the Hong Kong market,” says Antony Dapiran, Freshfields Bruckhaus Deringer. “I expect this will continue.”
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