|PICC Chairman Wu Yan at an investors meeting in |
Hong Kong in November
But dont expect a return to the heydays when IPOs accounted for 70% or more of equity volume in Hong Kong, says Ian Long, head of China ECM at Deutsche Bank. Block trades will continue to perform well into 2013 and beyond.. But we do hope to see a better balance between IPOs and block trades this year."
But he warns: "There is a certain level of exuberance in Asia at the moment surrounding IPOs that will likely moderate."