Russia's UC Rusal to Hear Hong Kong IPO

A government delegation led by Financial Secretary John Tsang is set to meet representatives from major Hong Kong property developers on Tuesday to exchange opinions and concerns about the recent red-hot property market, according to sources. Developers are calling for an overhaul of the land-disposal system amid shortage of supply.

-- Russia's UC Rusal, the world's top aluminium producer, is seen preparing for a hearing on its listing in Hong Kong next month. It aims to raise about US$3 billion in an IPO before the end of the year, sources said.

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