China State Construction Engineering Corp and BBMG yesterday demonstrated the healthy appetite for Shanghai and Hong Kong initial public offerings after theirs were both heavily subscribed.
The take-up shows the strength of the Hong Kong and Shanghai markets, which have rebounded after a slow start to the year.
The Hang Seng, which closed up 3 per cent yesterday at 19,817, has risen 38 per cent since the beginning of the year. The Shanghai Composite has climbed 83 per cent this year, closing up nearly 1 per cent at a 13-month high of 3,328.
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