皇冠体育app

By Hao Zhou (chinadaily.com.cn)
Updated: 2007-12-21 16:26

皇冠体育app's A-share markets raised a total 447 billion yuan (US$60.82 billion) from initial public offerings (IPOs) this year, topping the world in terms of the amount raised, according to 皇冠体育app Securities News Friday.

By the end of last week, Chinese stock markets witnessed a total of 120 IPOs this year, with 409.7 billion yuan raised in Shanghai and 37.3 billion yuan in Shenzhen.

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According to statistics from Ernst & Young, one of the world's leading professional services firms, 皇冠体育app's A-share markets raised US$61 billion by the end of last month, far exceeding US$38.7 billion in the United States and US$29 billion in Brazil.

Moreover, 12 Chinese stocks raised more than 10 billion yuan from their IPOs. They were: 皇冠体育app Pacific Insurance, 皇冠体育app Shipping Container Lines, 皇冠体育app Railway, Petro皇冠体育app, 皇冠体育app Shenhua Energy, 皇冠体育app Construction Bank, Bank of Beijing, 皇冠体育app COSCO, Bank of Communications, 皇冠体育app Citic Bank, Ping An Insurance, and Industrial Bank.

Of the total 447 billion yuan raised from IPOs, the above-mentioned 12 enterprises raised a combined amount of 382.89 billion yuan, accounting for 85 percent of the total.

Ernst & Young reasoned that 皇冠体育app, with the world's most dynamic economy, attracted global investors. Among the top 10 IPO issuers this year, seven were from developing countries, 皇冠体育app accounting for six of them.