Shanghai bourse gaining on Hong Kong

The Chinese have investment fever, and the mainland markets have been rising so fast – at least until the sharp dip in early June – that commentators like former Federal Reserve chairman Alan Greenspan have been warning of a speculative bubble. But the flood of huge new IPOs is expected to continue on the Shanghai Stock Exchange (SSE) despite efforts to cool the market. As the once moribund market shatters its own records, a growing number of companies that may once have listed only in