Chinese local government entities have carried the mantle of cornerstone investors in first-time stock offerings in Hong Kong in the past two years as foreign investors shun deals. Their outsize role could work against the city’s capital market, market experts say.
Terminus raises $276mn to fund LLM apps chinaeconomicreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinaeconomicreview.com Daily Mail and Mail on Sunday newspapers.