China's CSCEC says no plan to list in HK, other markets

Published: 28 Jul 2009 18:18:44 PST

SHANGHAI, July 29 - China State Construction Engineering Corp (CSCEC) <601668.SS>, whose shares surged more than 70 percent in their Shanghai debut on Wednesday, has no plans to list in Hong Kong or other markets outside China, its chairman said.

Sun Wenjie made the comments at a ceremony marking the start of the company's share trading in Shanghai.

CSCEC, China's biggest home builder, raised $7.3 billion in an initial public offering last week that was the world's largest IPO in a year.

The shares jumped beyond analysts' expectations in their market debut, boding well for upcoming IPOs but stirring concern about asset price bubbles. [ID:nSHA211352]