Due to the drop down of share price and investor confidence, initial public offerings (IPOs), with no companies going public on mainland last month, have disappeared off the radar.
There were only 30 domestic companies going public in the third quarter this year, down 60.5 percent year-on-year, and the total funds raised on the Shanghai and Shenzhen stock exchanges fell 86.5 percent year-on-year to $3.12 billion, based on Beijing-based investment research and consulting firm ChinaVenture. Read more…
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By the end of April 2008, the number of mainland enterprises listed on the Main Board and GEM of Hong Kong Stock Exchange reached 443, including 148 H shares, 93 red chips and 202 non-H-shares of private enterprises from the mainland.
The latest statistics released by the Hong Kong Stock Exchange show that the mainland stock shares take up 58.6% of the total market value and 74.2% of the total market turnover of the Hong Kong stock market.
Regarding Hong Kong itself, there were 1,244 listed companies with a total market value of about 18 trillion Hong Kong dollars by the end of April. And up until the end of last month, Hong Kong owned in total 4,808 derivative warrants, 260 callable bull/bear contracts, 26 trust funds and 173 bonds.
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China, Hong Kong stock exchange, listing, mainland
Taiwan computer giant ASUSTeK Computer Inc. (ASUS) has recently laid the foundation in Jiangxi Province, worth 3 billion Yuan (428.6 million US dollars).
ASUS, a technology-oriented company is well known for high-quality and innovative technology. It has a global staff of up to 100,000 and the revenue reached 6.9 billion US dollars last year.
According to company sources, the factory in Ji’an City will produce copper wire yarn and computer accessories in the first stage, and in the future produce main boards and assemble notebook computers.
With the rapid development and huge potential market, Taiwan has eyed more investment on the mainland. Meanwhile, Taiwan has attracted many mainland investors for its geographic location and complete industry chain. The business communication is and will grow at a fast pace.
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ASUS, computer and technology, mainland, Taiwan investment
Due to the drop down of share price and investor confidence, initial public offerings (IPOs), with no companies going public on mainland last month, have disappeared off the radar.