The outward bound chairman of Hong Kong’s Securities and Futures Commission (SFC) thinks the city will certainly reassert itself as a world-leading location for brand-new share offerings, as noting reforms anticipated to be revealed on Friday will certainly bring in a lot more huge bargains.
âIt is highly likely that Hong Kong can reach a higher ranking in the initial public offering [IPO] market worldwide, as we have over 100 listing candidates planning to go public, including many big players,â Tim Lui Tim- leung stated in his last media rundown as chairman on Thursday.
âIf we have a few more mega IPOs like Midea Group in the coming months, Hong Kong can regain a top position in the IPO market.â
The city’s stock market was the globe’s leading IPO market 7 times in between 2009 and 2019, yet has actually experienced a drought in the last few years as a result of the high rate of interest setting and reduced appraisals of Chinese supplies.
With that increase, overall funds elevated in the initial 9 months of the year increased to US$ 7.14 billion compared to 2023, according to information put together byLondon Stock Exchange Group That raised Hong Kong to fifth on the global IPO league table in September, from 13th in June.
The SFC and bourse driver Hong Kong Exchanges and Clearing are most likely to reveal brand-new listing reforms on Friday after they were pointed out by Chief Executive John Lee Ka-chiu in his policy address on Wednesday, Lui stated. Secretary for Financial Services and the Treasury Christopher Hui Ching- yu stated in a different rundown on Thursday that the information will certainly be launched today.
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