Chinese IPO's back to the fore

As state-owned China Aluminium continues to roadshow across the globe, two privately-owned Chinese companies test investor demand for their prospective IPO''s.

Zhejiang Glass, which completes roadshows today Friday and Clear Media, which began pre-marketing on Monday, are at the forefront of a new wave of privately-owned Chinese companies hoping to access equity capital on the Stock Exchange of Hong Kong. Bankers report that a growing number of RFP's Requests for Proposals are being issued by similar entities on the Mainland in a signal that the government is actively pushing the private over the public sector.

As one banker puts it,...

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