Hong Kong IPO pipeline - Feb 5

2008 PCD Stores N.A. N.A. Credit Suisse 350-500
(The department store operator targets middle- to high-end
consumers in China. UK-based private equity firm 3i Group (III.L: Quote, Profile, Research, Stock Buzz)
has a stake in the firm. PCD Stores has postponed its IPO to 2008
from Dec. 2007 as documentation work could not be completed on
time.)
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*2008 Pou Sheng N.A. N.A. Merrill Lynch 800

International Morgan Stanley
(Pou Sheng is a spin-off from the world's top maker of sports
shoes, Yue Yuen Industrial (Holdings) Ltd (0551.HK: Quote, Profile, Research, Stock Buzz). It focuses
on retail business in China, Hong Kong and Taiwan.)
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2008 North China N.A. N.A. JP Morgan 700

Shipping Holding

Co Ltd
(The company is a Hong Kong-based arm of privately run Hebei
Ocean Shipping Co Ltd -- a Chinese shipowner and operator in
international bulk cargo shipping.)
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*2008 China Pacific N.A. N.A CICC 4,000-6,000

Insurance UBS

Credit Suisse
(China Pacific Insurance (601601.SS: Quote, Profile, Research, Stock Buzz), the country's third-biggest
life insurer, which raised US$4.1 billion in a Shanghai IPO in
Decemeber, has said it plans to list in Hong Kong with an offer
of 900 million shares.)
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2008 China Post N.A. N.A. N.A. 2,000

Logistics
(China's top logistics firm, plans to raise over $2 billion in a
Hong Kong and Shanghai listing in 2008. The state-owned firm
operates 31 provincial subsidiaries, engaged in activities from
storage and distribution to procurement and transportation.)
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2008 China Southern N.A. N.A. CICC 2,000

Locomotive & Rolling Macquarie

Stock Industry
(China Sourthern Locomotive and Rolling Stock Industry (Group)
Corp and China Northern Locomotive and Rolling Stock Industry
(Group) Corp, was created in 2000 after a government-mandated
reform of railway manufacturing assets. China Southern Locomotive
plans to raise a combined US$2 billion from a Hong Kong and
Shanghai IPO.)
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2008 Far East REIT N.A. N.A. Deutsche Bank 250-500

HSBC
(Far East Consortium International (0035.HK: Quote, Profile, Research, Stock Buzz) plans to spin off
its hotel portfolio in a real estate investment trust.)
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2008 Chongqing N.A. N.A. CS 200-300

Machinery &

Electronic
(The car parts and machine tool maker plans to raise funds for
production capacity expansion, according to the company's
executive director Liao Shaohua.)
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2008 China Wheel Co. N.A. N.A. CICC 100
(The Guangzhou-based company, a maker of aluminium-alloy car
wheels, supplies one in four car wheels in the United States.
Private equity firms AIF and Investec hold stakes in the
privately-run firm.)
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2008 Festival Walk N.A. N.A. UBS 500

REIT HSBC

Goldman Sachs
(Conglomerate Swire Pacific (0019.HK: Quote, Profile, Research, Stock Buzz) plans to raise US$500
million by spinning off its wholly owned Festival Walk shopping
mall into a real estate investment trust (REIT).)
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2008 Chenming N.A. N.A. Guotai Junan 385

Paper Holdings
(Chenming Paper 000488.SZ 200488.SZ plans to raise funds for
a wood pulp production project. The company has A and B shares
listed in Shenzhen, and its IPO would make it the first with A, B
and H shares)
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2008 Datong Coal 300 N.A. HSBC 300-500

Industry Co. Ltd
(Shanxi-based Datong Coal (601001.SS: Quote, Profile, Research, Stock Buzz) plans to reveal a H-share
listing plan. The proceeds will be used for various coal
projects, including mine and coal liquification.)
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