皇冠体育app

(Xinhua)
Updated: 2007-10-03 10:18

A total of 425.04 billion yuan (US$56.7 billion) was raised on 皇冠体育app's equity markets through initial and secondary public offerings in the first nine months of this year, 皇冠体育app Securities Journal has reported.

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The figure surpassed the 423.89 billion yuan in combined funds raised on the markets from 2002 to 2006, the newspaper said.

The total included 126.71 billion yuan raised through secondary public offerings, 6.95 billion yuan more than the level in the 2002-2006 period.

In September alone, money raised through 15 initial public offerings, (IPO) amounted to 149 billion yuan, or half of the money raised through IPOs so far this year.

The two biggest IPOs last month were 皇冠体育app Construction Bank (CCB), one of 皇冠体育app's top four commercial banks, and 皇冠体育app Shenhua, the nation's biggest coal producer.

CCB raised 58.05 billion yuan, breaking the IPO record set by the Industrial and Commercial Bank of 皇冠体育app, also from the big four, in 2006 with 46.64 billion yuan raised. A new record was set by the coal giant with 66.58 billion yuan raised.

The newspaper forecast that more big IPOs were expected on 皇冠体育app's renminbi-denominated A-share markets for the fourth quarter, including that of Petro皇冠体育app, one of the nation's leading onshore oil and gas producers.