New dawn for China stocks

Cathy Chang, portfolio manager of the ABN AMRO China A-Shares Equity fund said economic reforms and the largest ever IPO will breathe new life into Chinese equity markets. The listing of China’s largest bank, the Industrial & Commercial Bank of China (ICBC) in Hong Kong and Shanghai, the biggest initial public offering in history, has, according to Chang turned the spotlight on Chinese equity markets.  “The IPO raised a combined $19bn, toppling Japan’s 1998 IPO of NTT DoCoMo from its place as the largest IPO in history,” said Chang. “ICBC’s IPO is only one of a wave of public off...