Hong Kong has always been an international fundraising center, but this year's new stock market has been quiet, and there is no new shares listed in August.Some analysts believe that the China Securities Regulatory Commission has stated earlier that the rhythm of the A -share IPO was tightened, and in the short term, more mainland Chinese companies sought to go public in Hong Kong.However, there are also people in the Hong Kong financial industry that the United States has not been optimistic due to political reasons, and Hong Kong's new shares fund -raising center status is not optimistic.
The Hong Kong new stock market has shrunk significantly in the first half of this year.According to the data released by the Deloitte China Capital Market Services Department earlier, calculated by the total financing of new shares in the first half of 2023, the Hong Kong Stock Exchange fell out of the top three in the world in the first half of the year, ranking sixth.The Shanghai Stock Exchange and the Shenzhen Stock Exchange will become the world's largest and second -largest destinations in the world.The New York Exchange completed the third place in the world's largest IPO (first public offering) in the first half of the year.Abu Dhabi Stock Exchange and Nasdaq will rank fourth and fifth respectively.
Deloitte estimates that in the first half of 2023, 31 new shares were listed in Hong Kong, of which there were only one large new shares.In the first half of the year, the number of new shares increased by 29%, and the financing volume rose slightly by 1%.
Entering the second half of the year, the performance of the new stock market in Hong Kong has continued to weaken in the third quarter.Data from the Hong Kong Stock Exchange show that only six new shares were listed in July, and there were no new shares listed in August. There were 16 and five in the past year.
Compared with eight new shares in September last year, only in September this year, only Chinese biomedical company Yimingangko was listed at the beginning of the month.The mainland Marine Logistics Company, which is planned to be listed on September 25, and the biological pharmaceutical company Youzhiyou Biological, the mainland biopharmaceutical company, will start a prospectus a few days ago.
However, according to the Shanghai Securities Journal report, since the mainland has implemented the trial method of domestic enterprises and listing management at the end of March this year, enterprises have submitted the filing materials and actively.As of last Thursday (September 7), the China Securities Regulatory Commission has received a filing application from more than 138 companies, of which 97 mainland companies plan to go public in Hong Kong.
Analysis believes that many mainland departments have previously announced the active capital market and boosting investor confidence, including tightening the rhythm of the A -share IPO, in the short term or more mainland companies to seek listing in Hong Kong.
Ou Zhenxing, the head of the South China South China District, also believes that the mainland's tightening of the listing of new A -share shares is conducive to the Hong Kong new stock market, because mainland companies will consider going to Hong Kong to go public first, and then return to the mainland to go public.However, the preparation time for listing in Hong Kong is as soon as half a year, with an average of about nine months. Even if mainland companies immediately decided to turn to Hong Kong to go public, they may not be able to get in succession this year.
Shao Zhiyao, a senior investor in Hong Kong, pointed out in an interview with Lianhe Morning Post that Hong Kong has always played the role of bridge between Chinese and Western exchanges, including the listing of mainland Chinese companies in Hong Kong. Western funds have invested in a win -win situation.However, in recent years, Sino -US relations have been nervous. Many foreign fund companies have evacuated Hong Kong. Few foreign funds that Chinese companies can raise in Hong Kong have been raised, and this year, many mainland companies have been listed in Hong Kong.
Shao Zhiyao pointed out that if Sino -US relations have not improved, the prospects of the Hong Kong New Stock Funding Center in the short term are incompatible.He believes that the only thing in Hong Kong can do green finance at present.Because on the one hand, the United States has a trade war, financial war and scientific and technological war on the one hand, and on the other hand, it also wants to cooperate with China on global climate issues. The Hong Kong Stock Exchange can find related companies that are listed in Hong Kong.
