Investors turn picky on China IPOs

HONG KONG: Plenty of Chinese companies are planning initial public offerings (IPOs), but investor attention is elsewhere, and the daunting task of reforming China’s troubled banks may cause this year’s haul of new Hong Kong issues to undershoot last year’s US$12.5bil. 

So far this year through Feb 11, roughly US$6bil of foreign funds had poured into stocks in India, Taiwan and South Korea, while Hong Kong and China saw net outflows of nearly US$400mil, UBS said.