Two years ago china's ipo marketrnwas booming as companies took advantage of surging demand to raise cheap equity financing. Today, with the stock market depressed after a historic plunge in 2008, the bond market is where the action is.rnPeking University Founder Group Corp., the country's second-largest personal computer maker, last month issued 1 billion yuan ($146 million) of six-year bonds to finance its expansion, including a doubling of its semiconductor production. The company decided a bond issue would be more cost-effective than selling additional shares in any of its five subsidiaries that are listed on stock exchangesrnin Shanghai, Shenzhen, Hong Kong and Kuala Lumpur.
展开▼
