For the third straight year, Hong Kong raised more IPO capital than any other financial center...

|By:, SA News Editor

For the third straight year, Hong Kong raised more IPO capital than any other financial center on the planet; its $30.9B in 2011 raised funds edged out New York's $30.7B, and easily outpaced London's $18B. Between them, Hong Kong, Shanghai, and Shenzhen raised $73B from IPOs - a level that suggests China's emergence as the preferred destination for raising capital may come sooner than some expect.