Shanghai and Shenzhen stock exchanges lead global chart for financing scale in H1 2022: Deloitte
China‘s two major stock exchange markets the Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) received most and second most volume of financing in the first half of 2022, a Deloitte report showed, Chinese media outlet thepaper.cn reported on Thursday.
By the end of June 2022, there will be total of 68 new listed stocks on the SSE with a total financing volume of 208.7 billion yuan (31.10 billion). In SZSE, there will be 81 new listed stocks in total with 99.4 billion yuan of financing value, according to the report.
Based on Deloitte’s data, the number of Chinese mainland’s newly listed stock will reach 168 by June 30, 2022, with total value of 310.9 billion yuan, a year-on-year increase of 49 percent, while the number of new IPOs was down by 31 percent.
Deloitte predicted that there will be 80 to 100 companies completing their IPOs on the main boards of SSE and SZSE in 2022, equal to 190 billion to 215 billion yuan in terms of financing scale. It is estimated that 50 to 80 companies will complete IPOs on the Beijing Stock Exchange, raising between 10 billion to 15 billion yuan.
Hong Kong Exchanges and Clearing (HKEX) was also attracting China Concept Stocks’ IPOs by dual primary and secondary listing and SPAC (Special Purpose Acquisition Company), the Deloitte report noted.
Source: Global Times