Russia`s five companies eye plans for IPO in Hong Kong.

HONG KONG (XIANGGANG), December 2 (Itar-Tass) - Five large companies
in Russia as a minimum are eyeing the plans for an initial public offering
(IPO) on the Hong Kong Stock Exchange, the chairman of the Hong
Kong-Russia Business Association, Ivan Polyakov, told Itar-Tass on
Thursday.
He is taking part in an international exhibition of small and medium
enterprises.
Polyakov noted that this year Russia's aluminium giant Rusal was
listed on the Hong Kong Stock Exchange and some other companies seek to
follow suit.
"First of all, the talk is about raw material companies and those that
are oriented on operations in the region of China and Asia in general," he
said.
"We are confident that the time will come soon when Russian high-tech
companies will be properly represented on the Asian markets," Polyakov
said.
He underlined that the interest in Russia's businesses in Hong Kong is
growing from year to year.
"Hong Kong is a large financial centre of the world and many
development trends are set here and not in London or New York," Polyakov
said.

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