Why investors should be wary of Asia tech IPOs

Institutional investors should be wary of piling into new Chinese technology company listings as the hullabaloo builds up ahead of the launch next month of Shanghai’s new tech board Because while Shanghai's Sci-Tech Innovation Board promises to be "China's Nasdaq", markets in China – including Hong Kong – are very different from those in the US. For one thing, equity markets in Greater China are distinctly more retail-heavy, noted Irene Chu, Hong Kong head of new economy and lif…