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Against obstacles, Hong Kong is challenging for the top of the listing league table this year. This is a sharp reversal with a pipeline and investor migration of just two years ago. It is appropriate to question the stability of this speed, but the return still challenges the perceptions about the city’s financial decline.
Companies have collected $ 13BN from the new listing in the Asian Financial Hub this year, according to the delogic, it only left it beyond the NASDAQ and the New York Stock Exchange and its Chinese companions. Total money is expected to raise that this year HK is expected to reach $ 200BN ($ 25.5bn) this year, Deloit’s team said. Meanwhile, the new listed stocks have returned an average of 35 percent.
Hong Kong, the biggest driver of this boom, has been the big Chinese companies seeking secondary listing – not technically IPO but local debuts – including – including – including – Electric battery legend catalWho picked up $ 5.3bn. Strict investigation on mainland exchanges and prolonged approval deadline has pushed many companies to Hong Kong for quick access to capital. According to the deal, last year local floats took 432 days from filing to 432 days last year.
Geophysical mobility has also played an important role. As We Regulators increased the investigation of Chinese companies and continue to emphasize trading in New York, many mainland companies are choosing as a politically safe site for the global capital for Hong Kong.
too demanding. The local retail investor, a dull property, discouraged by the market and supported by margin borrowing, piled up pursuing quick returns in the IPO. Leverage has increased this frenzy with a retail part for Toy Company Blocs Group over 6,000 times with oversbuds, for example, while the food and beverage group mix has exceeded 5,000.
Nevertheless, this retail rush does not necessarily indicate a hot market. Even after a 37 percent gain in the last one year, the Hang Seng index trades only 10 times further earnings, a level that is historically cheaper and is much lower than comparable American benchmarks.
More importantly, there are indications that institutional investors are temporarily returning after years of retreat. Ping has increased its risk for Hong Kong-listed financial shares from the end of last year, with other major Chinese insurers, with other major Chinese insurers, making a condition that the high dividend will offset the impact of the shrinking margin.
Certainly there is something for retail speculation and geo -political mediation in recent recent rebounds. But to dismiss it to ignore the changing mobility. From this year, it suggests that Hong Kong has continued an appeal as an entrance to the Chinese capital and is a bridge for international investors, seeking to come in contact with Chinese development without investment problems. It is difficult to repeat that role.
