The curse of ‘guanxi’ banking
News that some international investment banks sometimes try to curry favor with China’s political elite by hiring their offspring should not surprise anyone. read
Tag: China
Nikkei Asian Review column
After a 14-month freeze, corporate issuers on the mainland are now back in the saddle for the year of the horse. read
Espinasse on RTHK 3, Bloomberg
I was back in RTHK 3’s Admiralty studio this morning for a live radio interview in the “Money for Nothing” programme, hosted by anchor Bryan Curtis. read
Huishan Dairy lists in Hong Kong
I was interviewed by BBC News again, this time about the IPO of China Huishan Dairy Holdings, which at US$1.3 billion (pre Greenshoe) currently stands as the second largest IPO in Hong Kong in 2013, after that of Sinopec Engineering. The deal was also the largest consumer sector IPO in Asia since the flotation of Chow Tai Fook Jewellery (also in Hong Kong) in December 2011. read
Price range meeting turns ugly
Michael Flaherty and Elzio Barreto published on Reuters today an account of what apparently really went on behind the scenes at a meeting of the underwriters for the US$1.3 billion IPO of Huishan Dairy, Hong Kong’s second largest flotation so far this year. read
SOEs replace tycoons, institutions in China IPOs
Bloomberg published this morning an interesting article on Chinese State-owned enterprises replacing tycoons and institutions as cornerstone investors in the nation’s IPOs. read
Espinasse on CNBC’s “Cash Flow”
I was back in CNBC’s Hong Kong studio this morning for live interviews with anchors Emily Chan and Oriel Morrison to comment on local IPOs. read
China Daily interview
I was interviewed by Sophie He from the China Daily’s Hong Kong edition for an article entitled “IPO’s second wind” as part of the newspaper’s Hong Kong Competitiveness report. read
Galaxy Securities, Sinopec Engineering to set tone for HK IPOs
I was interviewed by Reuters and Bloomberg again to comment on the IPOs of China Galaxy Securities (US$1.1 billion) and Sinopec Engineering (expected to raise US$1.8 billion), which are indicative of a pick-up in IPO activity in Hong Kong. read
Chinese IPOs are at record lows
I was back in Hong Kong’s RTHK 3 radio studio this morning, interviewed by anchor Reenita Malhotra Hora in the “Money for Nothing” programme, to talk about Chinese IPOs, both in the mainland and in the Special Adminstrative Region. read