economy - Shanghai stock exchange loses BoCom IPO



The Bank of Communications (BoCom) will most likely only go IPO at the Hong Kong stock exchange and not in Shanghai, media widely speculate. The fourth largest Chinese commercial bank, 20 percent owned by HSBC, wants to list 12 to 15 percent publicly. It is yet another sign that the domestic stock exchange is heading for more trouble in the near future. The expected increase in liquidity might deter more companies to list in China.

Business in China