IPOs in Hong Kong aren't a market these banks will drop, and in fact some of their peers continue to come in: Early last week, Chinese insurer Ping An Insurance (Group) Co. of China Ltd.
Unable to buy out its partner, it is pursuing local incorporation, something only recently allowed, and investments in Bank of Shanghai and Ping An, an insurance firm.
Ping An and other insurers are also expected to benefit when China's insurance regulator allows them to place more of their investments into higher-yielding assets like equity and property.