The outward certain chairman of Hong Kong’s Securities and Futures Commission (SFC) thinks town will definitely reassert itself as a world-leading location for brand-new share choices, as noting reforms anticipated to be revealed on Friday will definitely herald much more big bargains.
“It 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,” Tim Lui Tim- leung acknowledged in his final media rundown as chairman on Thursday.
“If 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.”
The metropolis’s inventory market was the globe’s main Initial Public Offering market 7 instances in between 2009 and 2019, but has truly skilled a drought in the previous couple of years because of the excessive fee of curiosity setting and decreased value determinations of Chinese provides.
With that improve, total funds elevated within the preliminary 9 months of the 12 months elevated to US$ 7.14 billion in comparison with 2023, in accordance with data put collectively byLondon Stock Exchange Group That raised Hong Kong to fifth on the global IPO league table in September, from thirteenth in June.
The SFC and bourse driver Hong Kong Exchanges and Clearing are almost definitely to disclose brand-new itemizing reforms on Friday after they had been identified by Chief Executive John Lee Ka-chiu in his policy address on Wednesday, Lui acknowledged. Secretary for Financial Services and the Treasury Christopher Hui Ching- yu acknowledged in a unique rundown on Thursday that the knowledge will definitely be launched at the moment.
