Surging Financial News
In the second half of the year, Hong Kong, China, may become the first choice for the secondary listing of Chinese stocks.
On 25 August, PwC released IPO data for Chinese TMT (Technology, Media & Communications) companies for the first half of 2021. According to the data, in the first half of the year, the number of TMT IPOs in the mainland totaled 78, with a total financing of about 213.8 billion yuan.
Among them, Hong Kong, China and overseas capital markets have become the main listing choices for mainland TMT companies, with a total of 34 companies raising 175.8 billion yuan. There are 22 science and technology innovation boards, 17 chinext boards, and 5 main boards in Shanghai and Shenzhen, raising 23.4 billion yuan, 12.1 billion yuan and 2.4 billion yuan respectively.
Lin Xiaofan, Chinese mainland Technology, Media and Communications Partners, PwC, said at the press conference: "In the first half of this year Chinese mainland the momentum of TMT companies listing on the Star Market and the ChiNext Board has slowed down. Driven by the return of Chinese stocks to the capital market of Hong Kong, China, Chinese mainland TMT company has maintained a very active performance in the global capital market. ”
Looking ahead, Lin Xiaofan believes that as the difficulty and uncertainty of Chinese companies going public in the United States increases, it is expected that the attractiveness of the Hong Kong IPO market for Chinese stocks will further increase in the second half of 2021. (The Paper's reporter Tian Zhongfang)
Editor-in-Charge: Tian Zhongfang