China tops global IPO ranking in first half as issuers leverage capital market reforms, AI frenzy

[beijingwalker]

China tops global IPO ranking in first half as issuers leverage capital market reforms, AI frenzy

Published: 3:30pm, 4 Jul, 2023

China became a global IPO hotspot with a combined US$31.3 billion raised on the Shanghai, Shenzhen and Beijing exchanges in the six months to June
The Chinese IPO market was rejuvenated after capital market reforms made it easier for companies to sell new shares.

China was the world’s most active market for initial public offerings (IPOs) in the first half of the year, accounting for almost half of global fundraising, as Beijing unleashed capital market reforms which made it easier for companies to sell new shares.
Chinese companies raised a combined US$31.3 billion from IPO flotations on the Shanghai, Shenzhen and Beijing exchanges in the six months to June, in a global total of US$67.9 billion, Bloomberg data showed.

While trading in China’s stock markets has largely been sluggish this year due to a faltering growth outlook, investors were more welcoming to companies raising funds, in particular those from the recently popular artificial intelligence (AI) sector.
In February, Beijing overhauled its IPO regulations requiring exchanges to implement stricter information disclosure standards while also removing administrative caps on prices of new shares to be sold to the public.

A passenger rides a ferry crossing the Huangpu River in Shanghai, China, on Friday, June 2, 2023. Chinese companies raised a combined US$31.3 billion from IPO flotations on the Shanghai, Shenzhen and Beijing exchanges in the six months to June. Photo: Bloomberg
“The launch of the new registration system has left the door open for more high-quality offerings on China’s capital market,” said Lin Jin, an analyst at Shenwan Hongyuan Group in Shanghai. “That is an effective push for connecting the real economy with the capital market.”

https://www.scmp.com/business/china-business/article/3226489/china-tops-global-ipo-ranking-first-half-issuers-leverage-capital-market-reforms-ai-frenzy?module=perpetual_scroll_0&pgtype=article&campaign=3226489

 

[RashidKhanTheLegend]

Chinese IPOs are barely something more than what their Diaspora has stolen across globe and reverse engineered ..

 

[Menthol]

Chinese IPOs are barely something more than what their Diaspora has stolen across globe and reverse engineered ..

Reverse engineering is creating something new, but has the same function.

Like creating bread, but without using wheat.

Creating a car, but not using gasoline.

Creating an airplane, but without wings.

It's an innovation by itself.

 

[GreatHanWarrior]

Reverse engineering is creating something new, but has the same function.

Like creating bread, but without using wheat.

Creating a car, but not using gasoline.

Creating an airplane, but without wings.

It's an innovation by itself.

Don't steal Chinese technology like Canadians!!

We are not surprised that your country is so backward!