Deloitte: This year, the amount of IPO financing on the Sci-Tech Innovation Board ranked first in A-shares, and the number of new shares on the ChiNext Board ranked first

In 2021, the amount of IPO financing on the Science and Technology Innovation Board won the first place in A-shares, and the number of new shares ranked first in the ChiNext Board.

On 20 December, Deloitte China ("Deloitte") Capital Markets Services released its latest report on "2021 Chinese mainland and Hong Kong IPO Market Review and Outlook for 2022". The report pointed out that the number of A-share IPOs in 2021 increased by 25% year-on-year (compared with the same period last year), and the amount of financing increased by 14% year-on-year.

Specifically, Deloitte pointed out that the A-share IPO market will have 491 new stocks this year, raising a total of 536.7 billion yuan. Among them, the main board of the Shanghai Stock Exchange (hereinafter referred to as the "Shanghai Stock Exchange") and the Science and Technology Innovation Board will have 248 new shares, raising a total of 365.2 billion yuan. The main board and the ChiNext board of the Shenzhen Stock Exchange (hereinafter referred to as the "Shenzhen Stock Exchange") will have a total of 232 new shares, raising a total of 169.7 billion yuan.

In terms of financing amount, the Science and Technology Innovation Board ranked first in A-shares with a scale of 202.9 billion yuan, followed by the Shanghai main board with 162.3 billion yuan. In terms of the number of IPOs, the Gem has the largest number of new stocks in 2021, reaching 199. The Sci-Tech Board is closely followed, with 162.

Zhao Haizhou, Head of A-share Listing Business in East China, Deloitte China Capital Market Services, said at the report launch: "In 2021, the number of A-share ipos to increase reflects the obvious and positive results of the reform of the securities issuance and registration system. At the same time, the mainland capital market has been further expanded by the establishment of the Beijing Stock Exchange (hereinafter referred to as the "Beijing Stock Exchange"), which will provide an additional domestic listing channel for small, young and innovative enterprises. ”

According to the report, 11 new stocks were listed on the Beijing Stock Exchange this year, with a financing amount of 1.75 billion yuan.

Looking ahead, Deloitte expects that the A-share IPO market is expected to continue to grow in 2022 as the number of new shares on the Star Market, the ChiNext Board and the Beijing Stock Exchange climbs. Among them, most of the new shares are expected to come from small and medium-sized manufacturing and technology companies.

Specifically, in 2022, the Sci-Tech Innovation Board is expected to achieve the listing of 170 to 200 new stocks, raising a total of 210 billion yuan to 250 billion yuan. There may be 210 to 240 new listings on the Gem Board, raising a total of 160 billion to 180 billion yuan. The Main Board of Shanghai and Shenzhen is expected to have 120 to 150 IPOs listed, raising a total of 200 billion yuan to 230 billion yuan.

Zhao Haizhou said that a number of major deepening reforms in China's capital market in recent years have made the performance of the mainland IPO market optimistic in 2022 and the following years.

Among them, the full implementation of the new share issuance registration system expected by the market will further help A shares to create a favorable environment for enterprises to raise funds more efficiently and effectively to support their business development." The interconnection between A-share multi-level capital markets helps enterprises from different industries, sizes and stages of development to enter the open market pool, supporting the sustainable growth goal of the economy. Zhao Haizhou stressed.