Top ten sovereign funds to join Beijing Gold Corner

Beijing BBMG (02009) IPO, attracting 200 to 300 institutional investors and large subscribers.　　It is reported that many of them are global sovereign funds, in addition to "friends" China Investment Company (as one of the five basic investors), but also from the corners national reserves, such as Norway, Singapore, Australia and the Middle East of the UAE and Kuwait ten sovereign funds. According to Hong Kong media reports, close to the underwriting group said that BBMG deduction of shares allocated to the base investors, the remaining supply of goods to be distributed only more than 200 million U.S. dollars (more than HK $1.56 billion), "even the first class, I believe it is difficult to allocate more than 10 million U.S. dollars of shares."　　"said the news.　　Pensions and large funds are expected to be goods in the preliminary election process, the preferred option is to hold investors for a long time, at least for six months, or even more than a year, and these are mostly pensions, insurers, overseas large funds and sovereign funds, and their assets are as high as billions or even trillions of dollars.　　The crux of the problem is that the assets of these funds are about HK $10 billion, if they are allocated HK $20 million or 30 million of new shares, they will have a chance to take advantage of the high selling price in the first day of the BBMG, and are not as willing to hold or even raise the goods as long as the Big Mac Fund.　　For overseas funds, China's high growth concept is very popular after all, especially in Europe and the United States on the basis of investment losses of the sovereign funds, moreover, BBMG one of the main business of the cement industry, is directly benefiting from the mainland 4 trillion yuan enlivening industry.　　As for the second category of investors who have the chance to be chosen, they are directly related to the industry bbmg engaged in, such as real estate developers from Beijing, international cement companies and so on. As a result of the gruel, the shares of mainland Chinese supporters are limited, or as low as 1% to 2%. However, BBMG oversubscribed strong, available for distribution is not much, inevitably provoke to the market dissatisfaction, there are funds to complain about "unfair distribution", but also the transparency of private banking force is insufficient, but the parties concerned solemnly denied that there is no basis for such rumors, the city is often the case when flourishing.