Time Watch signals mainland intent with IPO

The initial public offering of Time Watch Investments, a mid-priced watchmaker listed in Singapore before being privatised in 2011 and now tapping into the Hong Kong market, is a play on domestic Chinese consumption but the company's rising inventory could be cause for concern.

The dual themes of urbanisation and domestic consumption have returned to the spotlight in China of late, with top policymakers in Beijing repeatedly sending a clear message that the government wants these to be the new growth engines.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1134677/time-watch-signals-mainland-intent-ipo