Chinese IPOs

China Railway Materials trims Shanghai IPO by 60%

The state-owned logistics company is seeking to raise Rmb6 billion in a Shanghai IPO, less than half the Rmb14.7 billion it initially planned.

<div style="text-align: left;"> China is keen to continue the upgrade of its railways (ImagineChina) </div>

Lillian Liu

July 10, 2012

China’s primary equity market is showing signs of a pick-up as issuers resurface with plans for sizable initial public offerings, betting on a market rebound in the second half. Not surprisingly, those braving the market are government-backed enterprises with strategically important businesses.

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