Despite mixed forecasts for China’s stockmarkets in 2011 and ongoing concerns about the government’s monetary tightening policies, fundraising activities in the A-share market are showing signs of heating up.
China Minsheng Bank, the country's seventh-largest lender that is listed in both Shanghai and Hong Kong, will raise Rmb21.5 billion $3 billion from an A-share placement to replenish its capital reserve. And two large initial public offerings have received a decent market response.
Minsheng, which raised $4 billion in a Hong Kong IPO in 2009 and had said it had no plans to raise additional funds in the three years following the Hong Kong listing, shows hunger for cash again. The bank has received shareholders’...
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