Capital markets week ahead: JD.com, Boels Rental, Whitbread

摘要

CHINESE WALLS Online retailer JD.com is set to raise almost US$4bn from its secondary listing in Hong Kong on Thursday. It is the latest move by a major Chinese company listed in New York to seek a foothold closer to home amid rising tensions between Beijing and Washington, which threaten to saddle Chinese companies listed in the US with new restrictions. It brings to three the number of such companies that have listed in Hong Kong. Online gaming portal NetEase last week raised US$2.7bn from its secondary listing. That followed the US$13bn Hong Kong secondary listing of e-commerce giant Alibaba at the end of last year, which was the largest equity offering in the city since insurance giant AIA's US$21bn IPO in 2010.