久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

IPO increase expected in second half of 2019

By Tan Xinyu | chinadaily.com.cn | Updated: 2019-04-04 13:36
Share
Share - WeChat
New listings will flourish starting in the middle of the second quarter. [Photo/VCG]

New listings in the Chinese mainland and Hong Kong are expected to heat up in the second half of 2019 after pockets of weakness in the first three months, Deloitte China said in a report on Wednesday.

Uncertainty in Sino-US trade negotiations and Brexit affected worldwide initial public offering activities during the first quarter, the report said. Hong Kong's stock exchange ranked second globally in terms of IPO funds raised in the period, amid the reduction in new listings.

As of March 31, Hong Kong saw 37 new listings, raising a total of HK$20.4 billion ($2.6 billion). The number of IPOs was reduced by 42 percent from the previous 64, while funds raised dwindled from HK$24.4 billion — a 16 percent decrease compared to the same period last year.

"The statistics, in particular the absence of large, prominent deals and a drop in the listing applications, may suggest a weakening performance of Hong Kong's IPO market," said Edward Au, co-leader of the national public offering group at Deloitte China, in the report.

Although new listings on the mainland remained low due to strict regulatory requirements, stock exchanges in Shenzhen and Shanghai have surpassed other major bourses to occupy the third and fourth global positions, with 31 IPOs raising 25.6 billion yuan ($3.81 billion) versus 37 IPOs raising 40.7 billion yuan the same period of last year.

An investor checks the board at a stock exchange in Shanghai on Feb 25, 2019. [Photo/VCG]

"The A-share market featured numerous IPOs from various city and agricultural commercial banks, as well as securities firms which attracted liquidity. We expect similar additional listings to ease the downward pressure on the economy," Anthony Wu, leader of China's A-Share Capital Market for the National Public Offering Group at Deloitte China, said in the report.

"A key Chinese government priority is to release more lending facilities from both larger and smaller banks to private enterprises, and small and micro businesses."

With the recent launch of an acceptance and review procedure of listing applications by the sci-tech innovation board, the report said new listings will flourish starting in the middle of the second quarter.

"How these new economy issuers will be valued, priced, subscribed before the offering and traded after the share flotation would have implications for future IPOs from new economy companies in both Hong Kong and the US," Au said.

"The A shares have been enjoying a better valuation for a long while, which may be elevated further in the early launch of the new board," he added. "However, as the new board's issuer base expands, investors turn mature and the A-share market becomes more internationalized over time. The gap between valuation for A shares and stocks in Hong Kong is expected to gradually draw nearer in the longer run. Ultimately, these new listing candidates are likely to base decision of listing destinations on their business development strategies and target investor bases."

Deloitte maintained its forecast for the IPO activities of Hong Kong this year — about 200 IPOs worth at least HK$180 billion. And the consulting firm expects about 110-150 new listings raising 140 -170 billion yuan to be completed on the main board, SME board and ChiNext in 2019. Another 90-110 IPOs may ultimately also be launched on the sci-tech innovation board.

More new paths of listing and listing models evolving from the existing dual-listing (A+H) and NEEQ+H models may gradually emerge helping to expand the two capital markets, reinforce the status of Hong Kong as an international financial center and further internationalize the A-share capital market, according to the report.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 国产精品免费_区二区三区观看 | 国产一级不卡毛片 | 男人v天堂 | 在线观看一区二区三区视频 | 手机免费看毛片 | 欧美精品亚洲精品日韩一区 | 日韩欧美精品在线视频 | 久久999视频 | 欧美乱大交xxxxx在线观看 | 亚洲男人的性天堂 | 精品国产一级毛片 | 亚洲成a v人片在线看片 | 国产免费怡红院视频 | 国产在线观看一区 | 亚洲精品影院一区二区 | 一区二区三区视频免费观看 | 欧美成人性毛片免费版 | japanese色系tube护士 | 国产码一区二区三区 | 成人在线不卡 | 91久久香蕉国产线看观看软件 | 黄色网址视频在线观看 | 日本乱人伦在线观看免费 | 深夜做爰性大片中文 | 午夜视频在线观看一区二区 | 国产一级久久久久久毛片 | 一机毛片 | 欧美性色一级在线观看 | 国产麻豆入在线观看 | 亚洲一区二区三区久久精品 | 免费高清特级毛片 | 日本久久一区二区 | 欧美成亚洲 | 国产成人丝袜网站在线观看 | 国产精品久久久久影院色老大 | 成人三级视频 | 黄色aaa毛片 | 一级毛片私人影院老司机 | 美女张开腿男人桶 | 全部在线美女网站免费观看 | 国产午夜爽爽窝窝在线观看 |