Things are not going to script. Shares of Rusal, the Russian aluminium giant, closed last week at 30 per cent below their January 27 debut on the Hong Kong stock exchange. That could be a blow to Hong Kong's hopes of attracting further Russian initial public offerings – just as it prepares to host an April investor shindig to drum up interest in Russian opportunities. Oleg Deripaska, Rusal's biggest shareholder, is still considering floating his En+ Power business on the same market. Rusal's woes may also reflect specific concerns over its debt and outlook rather than a lack of Asian appetite for Russian shares. But the idea Russian issuers would desert London and head east en masse was always far-fetched.
这些事不会写成剧本。俄罗斯铝业巨擘俄铝(Rusal) 1月27日在香港交易所上市，上周的收盘价较发行价下跌约30%。这可能打击香港吸引更多俄罗斯企业前来上市的希望——香港正准备在4月份举办一次投资者大会，以鼓舞投资者抓住俄罗斯提供的机遇。俄铝最大股东欧柏嘉(Oleg Deripaska)仍在考虑让旗下的En+ Power也在香港上市。此外，俄铝之困境，可能反映了投资者对其债务及前景特有的担忧，而不是亚洲投资者对俄罗斯股票缺乏兴趣。不过，如果认为俄罗斯上市企业会舍弃伦敦，把目光一致转向东方，这种想法也太不切实际了。