WorldWay Immigration Comprehensive News: A well-known accounting firm published a report on Hong Kong IPOs on the 23rd, indicating that factors such as the Shanghai-Hong Kong Stock Connect and the relaxation of the Renminbi exchange limit support Hong Kong in becoming a Renminbi IPO center.
The report pointed out that the Hong Kong IPO market has 115 new stocks this year, raising a total of 227.9 billion Hong Kong dollars, representing year-on-year growth of 11% and 35% respectively. It is estimated that there will be about 110 IPOs next year, raising between 180 billion to 220 billion Hong Kong dollars. It is expected that large IPOs from major financial institutions and pharmaceutical companies in the mainland will become the market focus.
London, New York, and Hong Kong are all fundraising centers in their respective regions. Industry insiders indicate that the fundraising amount for new stocks in Hong Kong will decrease next year, but it will still rank among the top three globally, competing with New York and London. Currently, most new stocks listed in Hong Kong are mainland companies, and with the diversification of investment structures, Hong Kong is expected to become a hub for capital in Asia.
Experts point out that the opening of the Shanghai-Hong Kong Stock Connect and the relaxation of the Renminbi exchange limit have added advantages to the Hong Kong market. Although the response after the opening of the Shanghai-Hong Kong Stock Connect was not as enthusiastic as expected, after the two markets are connected, Hong Kong has become the only offshore market in the world where Shanghai A-shares can be directly traded. Based on this, it is believed that future developments such as the Shenzhen-Hong Kong Stock Connect will increase Renminbi investment channels. The removal of the Renminbi exchange limit supports the growth of the capital pool in Hong Kong. These factors stimulate the dual currency and dual share structure, which will help Hong Kong become a fundraising location for new Renminbi stocks in the future. It is anticipated that some large new stocks will have the opportunity to be listed in a dual currency and dual share format next year.
With the opening of the "Shanghai-Hong Kong Stock Connect," the stable attractiveness of the Hong Kong financial market has made nearly half of the wealthy individuals from the mainland choose Hong Kong as their preferred destination for investment and settlement. As a leading investment immigration institution established in Hong Kong in 1998, WorldWay Immigration is very familiar with Hong Kong's legal system and has a first-class customer service team deeply influenced by Hong Kong's century-old white-collar culture, along with a comprehensive customer service system. This provides more advantages in organizing materials, submitting applications, and advising on financial investment products. At the same time, WorldWay Immigration offers over twenty follow-up services for Hong Kong investment immigration applicants and their dependents for seven years, including investment consulting, settling in, property purchase, children's education, childbirth, business operations, and taxation, addressing more of the clients' concerns.
