French media: In China, the A -share IPO has not encountered a crisis

French "Echo" August 13th article, the original title: In China, the IPO has not encountered a crisis in Europe and the United States. The event of large -scale release of new shares has almost stagnated this year, but the Chinese market is constantly breaking the record. Since the beginning of this year, the first public offering (IPO) of the Shanghai and Shenzhen Stock Exchange has exceeded 40%of the global total.

This is a new record created by the Chinese economy. Since this year, although the number of new listed companies in the world has reduced half compared with the same period in 2021, the funds raised through IPOs in Shanghai and Shenzhen, China have reached 59 billion US dollars, setting a new record.

Since January this year, the turbulent international economic situation has suppressed the willingness of various types of venture capital and listing of enterprises, whether in the United States, Britain or other European countries. Russia and Ukraine conflicts, inflation, and central bank tightening policies have made the market tight, causing the number of IPOs to plummet. According to the data released by Easy Yong, as of June 30, the number of companies listed on Wall Street this year decreased by 70%year -on -year; as far as the amount of fundraising was concerned, the decline in this year was even more amazing, and the IPO fundraising of Wall Street decreased by 95%year -on -year. In Europe, the number of IPO companies is half year -on -year.

But at the other end of the earth, China's IPO is still strong. 2021 is a record of the global IPO scale. At that time, only 13%of IPOs were carried out in the Chinese market. But this year's proportion rose to 44%, which is a bright result. Since January, China has conducted 6 IPOs with a size of over 1 billion US dollars.

In China, the stock market does not necessarily follow the same logic as other parts of the world. Many companies are facing Chinese local investors. Many Chinese citizens and investors are used to supporting local enterprises, especially companies supported by fiscal policy, such as chips and components in the technology industry.

After the closure of the new coronary pneumonia's epidemic, with China's launch of a package of measures to promote economic growth and relax the stock market access, Chinese investors ushered in an excellent opportunity. In addition to many listed companies, China's newly listed companies have also benefited from it. Their stock price rose by more than 40%. After the delisting of Wall Street, China Mobile returned to A shares in early January and raised $ 8.6 billion in funds. This is the IPO raised the most funds in China in the past 10 years. (Author Bron Josephine, translated by Dong Yingling)

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