HONG KONG: Equity capital markets in the Asia-Pacific ex-Japan region shrank for a third consecutive year in 2013, hurt by a downturn in India and slower activity in mainland China.
The overall decline contrasts with a rebound in IPO issuance that is stoking optimism for a boom in 2014 as China resumes new listings after a one-year hiatus and markets from Hong Kong to Malaysia get multi-billion dollar deals.
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