Reforms and large IPOs will put focus on A-share market in 2010

Agricultural Bank of ChinaÆs IPO could put an end to the government's role as a fixer of NPL-afflicted banks, while an A-share sale by HSBC may open a new chapter for China's equity capital markets.

China's A-share market will attract much attention in 2010, partly because it is likely to beat last year's fundraising record, and partly because it is expected to see some highly-anticipated initial public offerings that will demonstrate the Chinese regulators' efforts to reform the financial markets.

The A-share market will continue to absorb massive fundraising deals, particularly by big state-backed enterprises. As the Chinese government tightens its surveillance on bank loans after excessive lending in the first half of 2009 and...

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