HK Market Changes View on Mainland Developers' IPOs

By staff reporter Zhang Yingguang and intern reporter Ci Bing

(.com.cn) Investors in the Hong Kong stock market are revising their view of initial public offerings by mainland property developers, focusing more on financial health than the sheer size of land reserves, analysts told .

These investors are more selective and domestic real estate firms are not as sought-after as they were before, said Cai Hongping, president of UBS in Asia.
 
The capital market has become more aware of risk following a painful correction of the mainland property sector late last year, said Guan Penggang, Bank of America-Merrill Lynch director in China.