China Everbright Bank will resume its initial public offering (IPO) in Hong Kong by issuing up to 12 billion H-shares, the bank announced Wednesday.
Hong Kong has secured the position as the fourth largest IPO venue in the world, according to a report released on Tuesday by Deloitte, one of the four major accounting firms.
After a weakened IPO activity in Greater China in 2012 due to lack of maga deals, Ernst & Young expects China's IPO market to pick up in 2013 as the global economy recovers and the government's supportive policies starts to take effect, the accounting firm said here on Wednesday.
People's Insurance Company (Group) of China (PICC) on Monday said it has issued additional shares to meet high demand after its IPO in Hong Kong.
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