Chinese food and beverage manufacturer, Dali Foods, has begun pre-marketing an initial public offering in Hong Kong, which should not only provide welcome diversification from the year's heavy supply of financial sector paper, but may also benefit from improving market sentiment.
Global equity markets have been re-bounding since early October and were given a new boost last week following Thursday's dovish comments by the European Central Bank and Friday's rate cut by the People's Bank of China PBoC.
How long it will last divides opinion. In a research piece published on Monday, BoCom argued that with the PBoC cuts as a trigger, sentiment should...
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