This year, the underwriting list of the first public offering (IPO) of global stocks is released. From the perspective of underwriting amount, Chinese banks shine and performed better than Wall Street.When the global IPO transactions are severely landscape, China's listing activities have set a record.
Bloomberg reported that Bloomberg's IPO underwriting rankings showed that CITIC Securities won the first place this year and replaced Goldman Sachs Group on top of the list. CICC has ranked second.Rush on the top two on the list.Among the top ten IPO underwriters in the world, Chinese banks have won six seats, and their market share accounts for nearly 28%.Citi ranked third this year.
In the past, the IPO market led by multinational banks, especially in Hong Kong and other places, was bravely advanced by Chinese brokers.Relevant mainland departments have encouraged Chinese companies to list in China in recent years, and domestic banks have local advantages in the IPO market.
At the same time, the intensified tension between China and the United States has led to a significant reduction in Chinese companies in the New York IPO, and it has been listed in China or Hong Kong, and Wall Street has lost important business.
The report quotes Wang Yuangang, the fund manager of Beijing Yianxin Asset Management Co., Ltd., said that some companies may continue to be listed in Hong Kong next year. These market share may be filled by Chinese banks instead of overseasForeign banks with advantages in listing.
In the context of inflation and interest rate hikes, although the global listing of financing has suffered a biggest decline since 2008, the Chinese IPO market has set a record.100 million yuan).According to Bloomberg's compilation data, China accounted for 45%of the total amount of US $ 208 billion IPO fundraising.The United States, which is usually the world's largest IPO market, has contributed only $ 24 billion.
It is reported that although the domestic IPO market in China is expected to remain strong, once the US listing transaction recovers, Chinese bank stocks may eventually lose their leadership.
Wang Yuang said that next year, Chinese banks may not necessarily occupy the top of the list.He believes that on the one hand, most of the investment banking departments of foreign banks are located in Hong Kong. It is difficult to carry out field work on the mainland under the restrictions of the border. As the control measures are adjusted, some businesses are likely to be recaptured.
