China stocks: going home to raise more capital

In an effort to raise more capital, some of China''s biggest state-owned companies are abandoning Hong Kong and heading home.

StockHouse LogoHomecoming is often not a bad thing. That is what some of China's biggest state-owned companies, which in the past decade have raised capital and international exposure through Hong Kong listings, are discovering.

Now, these very companies are looking homewards to raise more money. And the number of them doing so is growing, as issue prices for domestic listings are almost guaranteed a premium to their Hong Kong stock prices. That not only could boost the Hong Kong stock...

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