Chinese and Hong Kong flags flutter as screens display the Hang Seng Index outside the Exchange Square complex, which houses the Hong Kong Stock Exchange (HKEX), on January 21, 2021 in Hong Kong, China.
Hong Kong recorded a notable pickup in listing activities this year, as more Chinese companies turned to the city to raise capital and investors grew optimistic after Beijing pledged to support the offshore market.
The Hong Kong stock exchange saw new listings jump for the first time after three consecutive years of declines, in terms of deal values, according to data compiled by Dealogic.
The number of firms seeking public flotations in Hong Kong started picking up in the second half of this year, as the Chinese securities regulator in April pledged to support the Hong Kong market and facilitate more IPOs from leading mainland companies.
Looking at IPOs alone, Hong Kong is set to rank fourth globally in terms of funds raised this year, according to KPMG, trailing India and the U.S. stock exchanges.
Persons:
Beijing's ramped, Andy Maynard, Maynard
Organizations:
Hong Kong Stock Exchange, Beijing, Hong, Dealogic, bourse, KPMG, China Renaissance
Locations:
Hong Kong, China, Hong Kong's, IPOs, India, Hong