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China outperforms in a dismal global IPO market

Good times may end with capital controls, New York rebound

China Postal Savings Bank was the largest new issue and instrumental for Hong Kong to maintain the top IPO bourse in 2016. (Photo by Kenji Kawase)

HONG KONG As the global market for initial public offerings withered last year amid political turmoil on both sides of the Atlantic, Asia fared relatively well thanks to a flood of new share listings from mainland China.

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