According to a quarterly review of the region's equity markets by Credit Suisse First Boston, China will dominate the 2001 equity issuance market.
The reports author George Pavey, a director in ECM, says that investors are exhibiting strong interest in increasing their exposure to Chinese equity. Potential sell-downs in oil, gas, and telecom sectors by the Chinese government are predicted to drive fund raising activities in China for the rest of the year.
The bank anticipates that total new issuance volume for the region will amount to $20 billion to $25 billion by year-end, about half the level of the record $47 billion raised during 2000. The report says that there...
