Privately owned Chinese steel company Jinxi Steel is set to raise about US$250 million from an initial public offering (IPO) in Hong Kong next month.
Jinxi Steel, a former state-owned enterprise, turned private through a management buyout in 1999.
Residential property developer Shanghai Forte Land, which twice failed to list, plans to raise up to US$180 million from an IPO in Hong Kong ahead of a listing on February 6.
Other big China equity issues expected in the next few months include a US$2 billion IPO from state-owned telecom fixed-line operator China Netcom; a US$1.5 billion IPO from insurer Ping An Insurance; a US$1 billion offer from China Minsheng Bank, the country's only nominally private bank; and a US$1 billion IPO from China's leading chip maker, Semiconductor Manufacturing International.