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$154 Billion in Share Sales Stuck After Chinese Market Meltdown

More than $154 billion of share offerings in China are in danger of being shelved as the collateral damage from the nation’s stock-market rout spreads.

“Selling new shares now, whether publicly or privately, is like trying to draw blood from a patient who’s already looking so weak and pale,” said Zhang Qi, an analyst at Haitong Securities Co. in Shanghai.