HK dominates world's IPO activity third year in a row

Hong Kong (CNS) -- Hong Kong Exchanges and Clearing Limited, or HKEx, announced itself to be the world's largest IPO center for a third consecutive year, at its shareholder meeting on Monday.

In spite of the global recession in 2011, the HKEx raised 260 billion Hong Kong dollars for its IPO projects, as well as selling 40 trillion shares and concluding 215 million deals.

CEO LI Xiaojia, Charles countered doubts raised by some stakeholders that while more companies go public in Hong Kong, their creditability remains a concern. He insisted that HKEx has been alert to potential problems with new share offerings.