The new president of the Hong Kong Stock Exchange is optimistic about large IPOs to go

Chen Yiting, the new chief executive officer of the Hong Kong Exchange, said that with the improvement of the basic situation and the help of China's regulatory agencies, the Hong Kong Stock Exchange is expected to go public for the first time of large -scale public offering (IPO).

Chen Yiting, Chief Executive Officer of the Hong Kong Stock Exchange, said in an interview with Bloomberg TV in Hong Kong-Saudi Arabia's capital market forum in Hong Kong-Saudi Arabia's capital market forum in Hong Kong.List in Hong Kong."The situation we saw in the last two weeks of April gave us a lot of hope."

In March of this year, Chen Yiting took over as the chief executive officer of the Hong Kong Stock Exchange in the Hong Kong IPO and stock transactions.In 2023, the IPO raised funds fell to the lowest level in 20 years, and this year has not improved.

With the release of support measures in mainland China, including encouraging more companies to go public in Hong Kong and strengthen the Shanghai -Shenzhen -Hong Kong Stock Connect, the transactions have recently rebounded.

The Hong Kong benchmark stock index has soared by 23%since the January lows, boosting transactions and providing support for potential IPOs.

So far, only 15 companies have been listed on the Hong Kong Stock Exchange this year, raising 998.6 million US dollars (about S $ 1.353 million), which is 17 compared with 22 companies in the same period last year.100 million dollars.China New Tea Brand Tea Hundred Road is the largest IPO of the Hong Kong Stock Exchange this year. On the first day of listing, it fell below the issue price.

Hundreds of Tea was listed on the Hong Kong Stock Exchange on April 23. The issue price was 17.5 Hong Kong dollars (S $ 3) per share. The market fell as high as 38%, and then plunged 27%to close at HK $ 12.8.

Chen Yingting predicts that the potential mainland companies that go to Hong Kong are mainly from the field of science and technology, but it is not explained which companies.

It is rumored that Ant Group and Didi Global will seek to go public in Hong Kong.

Bloomberg quoted people familiar with the matter last July that Ant Group It is planning to reorganize to pave the way for the company's first public offering (IPO) plan in Hong Kong.Bloomberg quoted people familiar with the matter last October that The global plan This year, I went to Hong Kong to go public.