China IPO Pipeline - August 12

Fri Aug 12, 2011 5:13am EDT

 SHANGHAI, Aug 12 (Reuters) - China's IPO market slowed by a fifth in the first half of 2011
amid a lack of mega deals that hit the market the year before, with fundraisings dominated by
small businesses.	
 The trend could change in coming months if companies such as New China Life, in which Swiss
insurer Zurich Financial Services has a 15 percent stake, and Guangfa Bank, a Chinese
lender part-owned by Citigroup , push ahead with their IPO plans to raise billions of
dollars.	
 Following is a list of Chinese companies that have either announced or are reported to be
planning a mainland IPO.	
 	
 Company                              Deal size   Listing destination  target date
 Sinohydro Group                      $2.5 bln    Shanghai             2011
                                                    
 Great Wall Motor           $500 mln    Shanghai             2011
                                                    
 China Communications Construction    $3 biln     Shanghai             2011
                                                    
 New China Life                       $4 bln      Shanghai, Hong Kong  2011
                                                    
 Guangfa Bank                         $5-5        Shanghai, Hong Kong  2011
                   billion                          
 People.com.cn                        $120 mln    Shanghai             2011
                                                    
 People's Insurance Company of China  $5-6        Shanghai, Hong Kong  2011/2012
 Group (PICC)                         billion                          
                                                    
 China Railway Materials Commercial   $1.8 bln    Shanghai, Hong Kong  2011
 Corp                                                                  
 Guangzhou Auto                       N/A         Shanghai             2011
                                                    
 Spring Airlines                      N/A         Shanghai             2012
                                                    
 Bank of Shanghai                     $2.8 bln    Shanghai             2011
                                                    
 Taikang Life                         N/A         Shanghai             N/A
                                                    
 Jiangsu Jiangyin Rural Commercial    $300 mln    Shanghai             2011
 Bank                                                                  
                                                    
 Bank of Jiangsu                      $1.6 bln    Shanghai             N/A
                                                    
 Shanghai Automotive Industry Corp    N/A         Shanghai             N/A
 (SAIC) Group                                                          
                                                    
 China Huarong Financial Leasing      N/A         Shanghai             2011/2012
 FAW Group                            N/A         N/A                  N/A
                                                    
($1 = 6.394 yuan)	
	
 (Compiled by Soo Ai Peng; Editing by Kazunori Takada)