Power-ful woman

Li Xiaolin reflects on the successful IPO of her company China Power International and the future prospects of the domestic industry.

In the middle of October, China Power International Development completed a listing on the Hong Kong Stock Exchange, raising HK$2.5 billion $320 million from a 990 million share deal led by Merrill Lynch.

The transaction represented a turning point for the Hong Kong market, which had been struggling along since the end of the second quarter. Whereas IPO's since then had tended to price towards the bottom end of their indicative ranges, CPI priced towards the top at HK$2.53. As of November 22, it was trading at HK$3.125.

The company is the flagship arm of the China Power Group, the largest of China's...

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