Dali Foods IPO to quench thirst for non-bank paper

Chinese food and beverage manufacturer hopes to replicate success of IMax China with a flotation that satisfies investors' appetite for non-financial sector paper.
Can Dali Foods pep up Hong Kong IPO sentiment?
Can Dali Foods pep up Hong Kong IPO sentiment?

Chinese food and beverage manufacturer, Dali Foods, has begun pre-marketing an initial public offering in Hong Kong, which should not only provide welcome diversification from the year's heavy supply of financial sector paper, but may also benefit from improving market sentiment  

Global equity markets have been re-bounding since early October and were given a new boost last week following Thursday's dovish comments by the European Central Bank and Friday's rate cut by the People's Bank of China (PBoC)

How long it will last divides opinion In a research piece published on Monday, BoCom argued that "with the PBoC cuts as a trigger, sentiment should trump fundamentals in the near-term and stretch the bear market rally...

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