The Shanghai Stock Exchange hosted 228 IPOs this year, the highest number among bourses around the world, while the Nasdaq and Hong Kong Stock Exchange lead in terms of total amount of money raised through listings, according to a Deloitte report released on Monday.
A-shares had their best year in the past decade. 395 new listings collected a total of USD 72 billion in Shanghai and Shenzhen combined, the largest amount since 2010, said an Ernst & Young (EY) report published on the same day. The analysis attributed the success to China’s effective control of the COVID-19 epidemic and the smooth operation of the Star Market’s registration system.
A total of nine US-listed Chinese companies have returned to the Hong Kong market through secondary listings this year, bagging USD 16.9 billion, or 34% of the exchange’s total fundraising volume. EY expects more of these “homecomings” to happen in 2021.
This article is part of KrASIA’s “Key Stat” series, where KrASIA picks and presents the most significant figures of the day’s technology and business world.