Financial news
Written by: Yue Yueting
2019-12-13 13:57
Last updated: 2019-12-13 13:58This year, the Hong Kong IPO market went low and then increased. Large-scale IPOs such as Alibaba (9988) came to Hong Kong to list, driving Hong Kong into the world's largest market for IPO funds. The accounting firm Deloitte estimates that the amount of funds raised will be approximately 311.8 billion yuan, an increase of 8.35% year-on-year, and it will continue to be the champion of global new stock fundraising. During the period, about 208 new shares were listed, a 23% decrease from last year's 208.
Shanghai and Hong Kong are expected to break into the top three in new fundraising next year
Driven by the return of Chinese stocks to Hong Kong, the reform of the new shares mechanism, and the listing of more biotechnology stocks, Deloitte predicted that the amount of new shares to be raised in Hong Kong next year will range from 220 to 250 billion yuan, a 20 to 29% year-on-year decline; about 160 new shares IPO, slightly down 1%. Ou Zhenxing, co-lead partner of Deloitte China ’s national listing business group, said that two large new shares of Alibaba and Budweiser Asia Pacific (1876) were listed this year, and the two shares have accounted for 46% of the total new market capital raising for the year, but there may not be any Such very large shares, coupled with economic uncertainty, the market may continue to fluctuate before the US election, and investors will be more cautious.
Ou Zhenxing (pictured) points out that China is a mature economy and can accommodate more than one financial center. (Photo by Wu Yueting)
He continued to point out that the delayed listing of new shares due to market conditions is not unique to Hong Kong. 44 companies in the United States have delayed listing this year, and this year Budweiser Asia Pacific and JS Global (1691) announced their suspension of listing and eventually made a comeback. Postponed listing and deployment are also reasonable. Under the government's promotion of private equity index, HSI research and inclusion of shares with different rights and the effect of Alibaba, it will be beneficial to the development of the new stock market. It is expected that Hong Kong will still maintain the top three global new equity fundraising next year. .
It is rumored that the central government will allow Macau to set up a RMB-settled stock exchange. Regarding whether Hong Kong's competitiveness will decline, Ou Zhenxing said that China is a mature economy and can accommodate more than one market. There are many Chinese unicorn companies and more capital financing is needed. Channels. It is estimated that in the future, small I & T companies will be listed on the science and technology board first. When they intend to be internationally listed, they will be listed in Hong Kong. Macao is a Portuguese-speaking region. Language-speaking countries are related to enterprises and have become their own unique capital markets.
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IPO IPO Deloitte Alibaba Budweiser Asia Pacific