Chinese firms to raise US$100 bln from IPO next year

Dec. 28, 2007(China Knowledge) – Ernst & Young predicated Chinese enterprises will be able to raise up to US$100 billion through initial public offering on stock markets both home and abroad next year in a bid to raise funds for their expansion plans in 2008. Ernst & Young believed that around RMB 330 billion (US$45 billion) will be raised on Shanghai Stock Market in 2008, and HK