The Hong Kong Stock Exchange is holding extra meetings to accommodate the larger number of companies seeking IPOs before the year’s end, The Wall Street Journal reported, citing a person familiar with the situation. Three mainland China companies – New China Life Insurance, Haitong Securities (600837.SH) and China Polymetallic Mining – could seek to raise a total of US$6.25 billion through IPOs on the exchange this year. PCCW (0008.HKG), Hong Kong’s largest telecom, may be able to attract US$1.4 billion in a listing of its telecom trust, HKT Trust & HKT (6823.HKG), the first shares of which were sold to retail investors this week. The market remains weak however, with the Hang Seng index falling 6.2% in the past three months and 18% since the beginning of the year.
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