www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Industries

Shanghai, HK vie for IPO lead

By Luo Weiteng in Hong Kong | China Daily | Updated: 2017-09-22 08:13

Shanghai, HK vie for IPO lead

Traders at the Shanghai Stock Exchange in Shanghai, Sept 22, 2015. [Photo/VCG]?

More companies bet on high valuations in mainland, instead of going overseas

As New York remains on track to knock Hong Kong off its pedestal to become the world's biggest listing venue this year, the Asian financial hub is wrestling with Shanghai for the second place in the league tables.

Over the first nine months of the year, some 106 deals raised HK$85 billion ($11 billion) in Hong Kong, trailing the 105 billion yuan ($16 billion) raised in Shanghai, according to data from global accounting firm Deloitte.

"Though brokers and bankers in Hong Kong are anchoring their hopes on a sharp upturn in business to help the city overtake its mainland peer in the final quarter of 2017, I think Shanghai is likely to hold its lead and secure the second spot throughout this year," said Edward Au, Hong Kong-based co-leader of the national public offering group at Deloitte.

The initial public offering (IPO) market in the Chinese mainland has gained huge momentum so far this year from China Securities Regulatory Commission's efforts to step up IPO approvals, in a sign of its determination to implement IPO reform toward a registration-based system.

"As regulators keep a steady pace to give a green light to no less than 30 IPOs on a monthly basis, more and more mainland companies, betting on higher valuations back home, are relishing the idea of a flotation on the mainland, rather than having their eyes trained on overseas destinations," Au noted.

"Though there is a logjam of roughly 500 firms still lining up to get the nod, you can see policymakers' efforts to ease IPO process really bolster the market a lot," he added.

If regulators could maintain the pace to give the go-ahead to IPOs in the remaining months, the Shanghai Stock Exchange, coupled with the smaller, tech-heavy Shenzhen Stock Exchange, are projected to see as many as 480 companies make their mainland stock market debut, raising up to $250 billion yuan by the year end, Deloitte said.

Following the $1 billion-plus offering from ZhongAn Online Property Casualty Insurance-the very first fintech flotation in Hong Kong-the Asian financial center, which has retained the crown as the world's top fundraising destination for the past two years, is looking to welcome one or two more eye-catching listings from sizeable technology firms in the final three months of the year, said Dick Kay, Shanghai-based co-leader of national public offering group at Deloitte.

"Given that the enthusiasm of investors oversubscribing for ZhongAn's offering runs really high, we have good reasons to believe the upcoming technology flotations could come as a 'booster', putting Hong Kong on course to secure the third spot, with as many as 150 firms raising up to HK$150 billion for the whole year round," Kay said.

Most Viewed in 24 Hours
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
 
主站蜘蛛池模板: 欧美精品午夜毛片免费看 | 亚洲深夜| 久久国产精品99久久久久久牛牛 | 日本高清免费视频www | 性刺激欧美三级在线现看中文 | 亚洲精品一区二区三区在 | 国产精品一区二区三区免费 | 福利社在线| 亚洲国产成人久久精品图片 | 国产一区二区三区成人久久片 | 国产成人精品日本亚洲网址 | 久久国产视频网 | 成人久久影院 | 成人在线91 | 日韩免费毛片全部不收费 | 上海一级毛片 | 国产高清晰在线播放 | 华人色| 亚洲综合色一区二区三区另类 | 亚洲精品一区二区手机在线 | 亚欧视频在线观看 | 欧美成人看片一区二区三区尤物 | 欧美精选在线 | 日韩v在线| 国产成人亚洲综合网站不卡 | 一级女性生活片 | 日本一级高清不卡视频在线 | 国产成人a在一区线观看高清 | 深夜做爰性大片很黄很色视频 | 91p在线 | 亚洲欧美视频在线 | 毛片免费观看成人 | 国产精品二区在线 | 久久久久爽亚洲精品 | 日韩一级欧美一级 | 欧美高清在线精品一区二区不卡 | tom影院亚洲国产 | 久久狠狠一本精品综合网 | 亚洲国产第一区二区三区 | 日韩中文字幕在线视频 | 德国女人一级毛片免费 |