Category: Markets

Aluminum Corporation of China, or Chalco (ACH.NYSE, 601600.SH, 2600.HK), plans to raise up to US$1.37 billion through a private placement of new shares to be listed in Shanghai, Reuters reported. According to an exchange filing, Chalco will use proceeds from the placement of A-shares to fund several ventures, including its Xing Xian alumina project. The […]

Chinese firms have raised some four times more from bonds than stocks this year, Bloomberg reported. Bond sales are up 68% year-on-year thus far in 2011 to US$15.23 billion. Many analysts credit the surge in debt issues to tighter restrictions on bank lending by the People’s Bank of China. Others suspect that widespread expectations of […]

The strategist who correctly predicted last year’s drop in China stocks said the slump may run to a second year as interest rates are hiked to control inflation, leading to liquidity problems, Bloomberg reported. But the pessimism of Guotai Junan Securities’ Zhang Kun is not shared by his rival brokers. CITIC Securities (600030.SH) and Shenyin […]

China is on course to lead the global market for initial public offerings this year, although it is unlikely to top 2010 in terms of the number of new listings or the amount of capital raised, state media reported. PricewaterhouseCoopers expects to see US$60 billion raised in Shanghai and Shenzhen in 2011 through 320 new […]