Chinese IPO's back to the fore

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.