ICBC's IPO: Reckless Spending in China?

The bank's monster public offering Oct. 27 seems set to symbolize China's hyper-growth. But will an overheating economy kill the stock frenzy?

Call it the Buy China syndrome. All year there has been a virtual feeding frenzy for Chinese stocks. Mainland companies have raised nearly $50 billion in share offerings on domestic exchanges in Shanghai and Shenzhen and overseas bourses in 2006.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.