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Chinese Firms Plan to Raise $2 Billion Each in I.P.O's

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"The largest Asian wind power generator, Longyuan Power Group, and the biggest Chinese shipbuilder, China Shipping Industry, plan to raise about $2 billion each as they priced their initial public offerings in Hong Kong and Shanghai on Friday, testing investors’ appetites, which have been strained by a glut of recent listings," according to the New York Times. "Chinese companies, from banks to travel agents, have rushed to list this year in Hong Kong and Shanghai to benefit from markets swollen with liquidity."
SOURCE:   New York Times