Chinese companies that have issued stocks for the first time prefer local exchanges, rather than choose more traditional listing places.
According to Bloomberg, Chinese companies listed in mainland China, Hong Kong or New York raised a total of 89 billion US dollars (below, about 127.7 billion yuan) funds, of which about 90 % came from the first disclosure of the mainland exchange for the first time.Fundraising (IPO).Data compiled by Bloomberg show that this is the highest proportion since 1999.
Although the high inflation, rising interest rates, and geopolitical factors have led to the decline in the global IPO this year, the domestic market in China remains active.This is due to China's loose monetary policy, and the fact that the Chinese stock market is mainly concentrated in local institutions and retail investors, because overseas investors are limited by capital control.
According to reports, Beijing has continued to expand and rectify some industries that once overseas distributors, such as the technology industry, and Chinese companies may be forced to delist due to accounting regulations in the United States.The transaction has fallen to the minimum proportion since the record, and only about 300 million U.S. dollars have been raised so far this year.At the same time, many Chinese companies choose to first publicly raise stocks in Europe.
