Shenhua plays it safe with IPO
World''s largest IPO of the year priced towards the bottom end of range.
June 07, 2005
Stewart Aldcroft, managing director at Investec Asset Management in Hong Kong, says that since September, Hong Kong retail investors have bought $600-700 million worth of guaranteed fund products. That number excludes any guaranteed products in Mandatory Provident Fund master trust schemes, he notes.
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