Asia’s equity capital markets could soon see a flurry of financial leasing company IPOs as China Development Bank filed an application to list its financial leasing unit in Hong Kong on Monday.
China Development Bank Financial Leasing CDB Leasing could be the first of a trio of financial lessors going public in Hong Kong this year as BOC Aviation, the aircraft leasing unit of Bank of China, and Minsheng Financial Leasing are also preparing IPOs.
All three companies operate in the highly capital intensive aircraft leasing business, which has been growing rapidly in recent years because of the rise of low-cost carriers, which tend...
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