Listing trend of China's automakers

After both SAIC Group (SHA 600104) and Dongfeng Group (600006) are successfully listed as a whole, other big automakers in China accelerate their pace to the bourse.

Encouraged by China's bullish stock market and the fast-growing auto market, more and more listed-automobile companies mushroomed. FAW (First Auto Works ), BAW (Beijing Automobile Works) and Guangzhou Automobile are among those who will list in integrity very soon.

FAW may get listed this Aug.

It's reported that FAW is planning its A-share market listing as a whole this Aug.. FAW will name its new shares as "FAW securities", meanwhile FAW Xiali and FAW Sihuan, two subsidiaries of FAW Group, are likely to be absorbed into FAW securities. Furthermore, FAW's holdings in the joint ventures with Toyota and VW could be included as the assets of listed company.
"We are considering all options for the listing, but all these still wait for the inspection and approval of the regulating department," said Zhu Yanfeng, FAW Group's president.

BAW eyes listing within this year

BAW, who had been planning an overall listing for more than three years, is making such efforts as system reform and packaging of the quality assets in order to pave way for the listing.

In Jan., SASAC (State-owned Assets Supervision and Administration Commission of the State Council), a governmental organization had set a goal that BAW Holding's listing should be finished within this year and FAW's listed subsidiaries should gain secondary financing.

Currently, BAW has only one listed subsidiary---BAW Foton (SHA 600166), whose main business is commercial vehicle. If BAW's passenger vehicle businesses like Beijing Hyundai and Beijing Benz-DaimlerChrysler get financed, analysts say, BAW will be powerful.

Guangzhou Auto Group---cross listing

If quick enough, Guangzhou Automobile Group will get listed as a whole early next year, people optimistically forecasts.

Hong Kong is reportedly Guangzhou Auto Group's first choice as for the place of listing, but sources say that Shanghai is also under its consideration. Guangzhou Auto Group may imply a dual listing of H-shares and A-shares.