Although the number of transactions has increased recently, Hong Kong's first public offering (IPO) market in Asia has dropped to the minimum level in more than 20 years, which has damaged its position of its largest listing place in Asia.
According to Bloomberg, Bloomberg's data shows that the size of Hong Kong's IPO this year is only $ 7.75 billion (S $ 10.994 billion), accounting for 7%of the entire Asian region, the lowest share since 1999.The share at the time was 6%.
The Hong Kong IPO market has performed slightly this time this time, and the scale of funds has decreased by 78%year -on -year.Global inflation concerns and rising interest rates have caused stock issuance in most regions to stagnate.In addition, the Chinese government adheres to the dynamic clearance strategy of clearance and the downturn in the real estate industry that puts pressure on the Hong Kong stock market, and the market has increased concerns about the global second largest economy growth.
Even if the number of transactions has risen recently, the embarrassment of the Hong Kong IPO market will not change for the time being.A property management company and an electric vehicle manufacturer launched the offer in Hong Kong this week, with a total scale of nearly $ 2 billion.A battery manufacturer is expected to follow up, which is similar to this.
Even with the $ 4 billion fundraising amount, in the current Asian IPO market, which has a total of $ 108 billion, Hong Kong's share will still be the lowest since 1999.Data show that Hong Kong's share in the Asian IPO market has always maintained a two -digit number, with an average level from 1995 to 2021 of 26%.
In contrast, the number of IPOs on the Mainland China Stock Exchange has increased significantly this year, forming in sharp contrast to the global slowing situation.The IPO size of the Shanghai and Shenzhen Exchange this year was US $ 74.5 billion, accounting for 69%in the Asian IPO transactions, a record high in history.
