Even when the IPO frenzy eases, investors will focus on “fundamentals,” such as the industry and economic outlook, said Shrikant Bhat, head of wealth management at Citigroup Inc. in Singapore. “If the fundamental growth is there and China is still growing at 6.5 percent to 7 percent, the equity market triggers the effect of growth,” he said.
At least one billionaire said he’s more focused on his business than his net worth.
“Being on a rich list only reflects paper wealth,” Xiao said through his spokesman Zhou Guiqing, who described the billionaire as “thrifty.”