皇冠体育app

By Zhang Ran (皇冠体育app Daily)
Updated: 2007-07-25 08:51

Among the largest companies that are likely to offer domestic IPOs are 皇冠体育app Coal Energy, Petro皇冠体育app, and some red-chips listed in Hong Kong.

Special coverage: Market Watch Red Chips Return Related readings:  A plus H index to be launched soon  Red chip companies may return home in August  The bullish market: A broker's boon  Shanghai leads Hong Kong in dual shares  Four IPOs drain record capital  Petro皇冠体育app eyes mainland listing in 4th quarter

皇冠体育app Coal Energy Co Ltd, the nation's second-largest coal producer by sales, was the most recent H-share company to announce its domestic listing plan. In a statement to the Hong Kong stock exchange on July 16, it said it planned to issue 1.5 billion yuan ($197 million) worth of shares on the Shanghai Stock Exchange.

Petro皇冠体育app, a subsidiary of 皇冠体育app's largest oil producer 皇冠体育app National Petroleum Corporation (CNPC), announced in early June that it will issue up to 4 billion yuan ($526 million) worth of shares in Shanghai.

According to the Hong Kong stock exchange, by the end of May, 22 of the 93 red chip companies met the requirements to list in the mainland.

The A-share market has seen IPOs surge since earlier this month. According to Shanghai-based Wind Data, six companies have launched IPOs this month, raising 18 billion yuan ($2.4 billion), equal to the amount raised in the previous two months.

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