Wilfredor
The Hong Kong Stock Exchange (HKEX) reported that 208 issuers sought primary or secondary listings from January to June, surpassing the former record of 189 companies during the same timeframe in 2021. Among them, 75 were submitted in June, setting a record for a single month.
Issuers are drawn to Hong Kong’s swiftly expanding stock market, with Chinese investors channeling funds into the area, and the comparatively greater accessibility for raising equity capital compared to the mainland. According to the Financial Times, Chinese firms are drawn to the opportunity of securing capital in a currency linked to the US dollar.
“All individuals arrived at the Hong Kong market simultaneously. It was a convergence of global and Asian investors channeling funds into the Hong Kong market,” stated Kenneth Chow, co-head of equity capital markets in Asia at Citigroup.
During the initial six months of the year, HKEX recorded IPOs and SPOs amounting to $13.9 billion. This is the top number globally. According to KPMG, the US Nasdaq and the New York Stock Exchange (NYSE) hold second and third positions with $9.2 billion and $7.8 billion, respectively.
The London Stock Exchange recorded placements of just 160 million pounds sterling ($218 million) from January to June. This is the lowest outcome since 1995.
source: marketwatch.com
Issuers are drawn to Hong Kong’s swiftly expanding stock market, with Chinese investors channeling funds into the area, and the comparatively greater accessibility for raising equity capital compared to the mainland. According to the Financial Times, Chinese firms are drawn to the opportunity of securing capital in a currency linked to the US dollar.
“All individuals arrived at the Hong Kong market simultaneously. It was a convergence of global and Asian investors channeling funds into the Hong Kong market,” stated Kenneth Chow, co-head of equity capital markets in Asia at Citigroup.
During the initial six months of the year, HKEX recorded IPOs and SPOs amounting to $13.9 billion. This is the top number globally. According to KPMG, the US Nasdaq and the New York Stock Exchange (NYSE) hold second and third positions with $9.2 billion and $7.8 billion, respectively.
The London Stock Exchange recorded placements of just 160 million pounds sterling ($218 million) from January to June. This is the lowest outcome since 1995.
source: marketwatch.com