Distressed asset specialist creates IPO buzz

Cinda is looking to raise up to $3 billion from its Hong Kong listing and offers investors unique exposure to an entirely new part of China's financial sector.

The launch of investor education for China Cinda Asset Management earlier this week has put renewed focus on China’s financial sector.

And the upcoming IPO, which sources say could raise between $2 billion and $3 billion, is attracting a lot of attention among international investors not just because it looks likely to be one of the last, if not the last, multi-billion dollar listings in Hong Kong this year.

Sure, the city has just seen two mainland banks Bank of Chongqing and Huishang Bank list after raising $548 million and $1.19 billion respectively, but both those deals were heavily placed with China-based corporate investors and high-net-worth...

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