China Economic Review
Shanghai Stock Exchange has overtaken Nasdaq and Hong Kong as the world’s top initial public offering venue in the first half, helped by flotations of leading mainland Chinese companies following their delisting in the US, reports the South China Morning Post. According to Deloitte, a total of 68 IPOs, including jumbo offerings by China Mobile, […]
New listings in China this year have raked in more than double the amount raised on Wall Street, after officials camped out at Shanghai’s stock exchange during the city’s strict lockdown to ensure a steady flow of deals, reports the Financial Times. Total fundraising from initial public offerings in China has hit almost $35 billion […]
China’s state planner said on Thursday it had approved 10 fixed-asset investments worth RMB 121 billion ($18.1 billion) in May, a more than six-fold jump from April, as policymakers seek to get economic growth back on track after a COVID-induced slump, reports Reuters. Data on Wednesday suggested activity in the world’s second-largest economy is beginning […]
A $1.3 trillion rebound in Chinese onshore stocks from April’s sell-off is fuelling belief that the market is past its worst slump this year. The next struggle will be overcoming a technical market barrier and pessimism over corporate earnings and the economic outlook, reports the South China Morning Post. Investors should consider selling into the […]
Semiconductor equipment manufacturer Hwatsing Technology Co. Ltd. booked a blistering Shanghai STAR Market IPO debut on Wednesday amid a Covid-induced global shortage of microchips, reports Caixin. The Tianjin-based firm’s shares surged 72% in early trading, but gave back some of those gains over the course of the day to close up 64% at RMB 224.1 […]