Chinese Listings to Raise Up to USD24.7 billion Next Year, Deloitte Says
Dou Shicong
DATE:  Dec 19 2018
/ SOURCE:  yicai
Chinese Listings to Raise Up to USD24.7 billion Next Year, Deloitte Says Chinese Listings to Raise Up to USD24.7 billion Next Year, Deloitte Says

(Yicai  Global) Dec. 18 -- Between 100 and 150 news listings are expected next  year on China's A-share market with financing to total between CNY140  billion (USD20.3 billion) and CNY170 billion, according to a report from  Deloitte China.

Total  listings for this year are expected to reach 106 on the A-share market,  which includes the Shanghai Stock Exchange, the small and medium-sized  enterprise board and Shenzhen's ChiNext board, down from 436 last year  on the back of tighter regulations. Total funding for this year is  estimated at CNY140.2 billion down from CNY230.4 billion in 2017,  according to the report. 

New listings will not grow substantially next year, the report finds, with issuers expected to consist mainly of small and medium-sized manufacturers, as well as players from the tech and consumer sectors.

Favorable  factors for the Chinese listings market next year include the planned  sci-tech board in Shanghai and the scheme to link the city's bourse with  London, according to Tong Chuanjiang, a Deloitte China representative  in charge of A-share listings business for the country's northern  region. 

The  firm also states that there will be around 200 new initial public  offerings next year with between HKD180 billion (USD23 billion) and  HKD230 billion raised. Some 208 new floats in the special administrative  region raised HKD286.6 million this year. 

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Keywords:   IPO,A-Share,Deloitte,Hong Kong