Stocks News
- Firms raise US$71.7b from local markets
Date: 5-Feb-2007 Sources: (Shenzhen Daily)
DOMESTIC companies raised a record 559.4 billion yuan (US$71.7 billion) in the local equities markets last year, an increase of nearly 200 percent, the government has said.
In December alone, companies raised 123.2 billion yuan, up some 1,810 percent from a year earlier, the China Securities Regulatory Commission said in a statement on its Web site. Following painful reforms related to State-owned shares, the jump in interest reflected a huge response by companies that now see fund raising on the country's two main bourses as a viable source of capital for their businesses.
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