China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (1968)	12/14/2003 10:34:22 AM
From: RealMuLan	Read Replies (1) of 6370

For first time since dot.coms, Hong Kong gripped by IPO fever HONG KONG : A recent flurry of initial public offerings (IPOs) in Hong Kong by major Chinese companies has helped boost enthusiasm among investors to levels not seen since the Internet boom nearly four years ago. The launch of the world's largest IPO this year, by China Life Insurance last week, saw hundreds of prospective investors queuing for application forms hours before banks opened, in scenes reminiscent of the dot.com frenzy of the late 1990s. Advertisement With 2.6 million application forms being offered by China Life Insurance, -- or one for every three Hong Kong residents -- the rush was not as chaotic as in 2000, when tycoon Li Ka-shing's internet flagship Tom.com floated just prior to the bursting of the tech bubble. Then, in the days when skyrocketing technology share prices were turning investors into overnight millionaires, tens of thousands of Hong Kongers battled outside banks to try to tap into potentially lucrative profits. channelnewsasia.com

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