400B Yuan IPOs on China's Stock Markets.

BEIJING (XFN-ASIA) - IPOs on China's stock markets are expected to total 400 bln yuan in 2007, doubling from a year earlier, the South China Morning Post reported, citing a survey by PricewaterhouseCoopers. Chinese firms registered and listed on offshore bourses - or ""red chips"" - are being encouraged to return to domestic stock markets in Shanghai and Shenzen. (1 usd = 7.60 yuan)