Chinese gun for ASX listings

The ASX is proving to be a haven for Chinese companies wanting an offshore public listing.

The public float market is slowly coming back to life after coming through one of the toughest periods on record, with the number of new stocks to debut on the local exchange this year the smallest in at least two decades.

The potential rebound could not come soon enough as there have only been 28 initial public offers (IPOs) on the ASX in 2013, raising a total of $1.5 billion compared with the 10-year average of $8 billion.

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