Shanghai market IPOs may beat Hong Hong
(Shanghai Daily)Updated: 2007-01-04 14:09
China Life Insurance, the country's biggest insurer, and Ping An Insurance, the country's second-bigger insurer, are expected to list in Shanghai this year.
Beijing-based China Life is expected to raise 28.32 billion yuan by selling 1.5 billion worth of yuan-denominated A shares, analysts said.
In 2006, the banking industry raised the most capital on the Shanghai stock market, accounting for 46 percent of total IPO value.
Dual listings, or A and H shares, accounted for 46 percent of IPOs in 2006 in Shanghai in terms of capital.
The biggest among them was the Industrial and Commercial Bank of China's simultaneous dual listing on Oct. 27. The bank raised a total 21.9 billion U.S. dollars, the biggest IPO in the world.
The report was based on data provided by Ernst & Young, Dealogic and Thomson Financial.
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