![[News] Hong Kong's IPO Financing Amount Ranked First in the World in the First Three Quarters](https://www.worldwayhk.com/KindEditor/attached/image/20151019/20151019093003_1263.jpg)
Deloitte China's National IPO Group released the latest statistics yesterday, indicating that in the first three quarters of 2015, Hong Kong continues to rank first globally in terms of fundraising for initial public offerings (IPOs). As of September 30 this year, Hong Kong is expected to raise HKD 156.4 billion, an increase of 19% year-on-year.
Mr. Ou Zhenxing, Co-Lead Partner of Deloitte China's National IPO Group, stated that Deloitte maintains its forecast for new listings in Hong Kong in 2015, estimating that approximately 120 new stocks will raise about HKD 240 billion. As of the end of September, about 6 to 7 large to very large new stocks have applied to be listed before the end of this year. More than half of these are from Chinese financial service institutions, while other sectors include consumer/retail and infrastructure. Furthermore, over 90 companies plan to go public, hoping to successfully list before the U.S. interest rate hike in December this year or January next year, as a rate hike would mean an increase in the cost of all capital market activities, and funds would flow to more mature markets.
Mr. Ou suggested that for Hong Kong to remain a premier global listing venue in the long term, it is crucial to promote more capital inflow into Hong Kong. This includes enhancing Hong Kong's advantages as a platform for mainland enterprises to go international, developing Hong Kong into a common market in Asia, and encouraging more multinational companies and Chinese firms to establish corporate financial centers in Hong Kong. The latter two measures will help diversify Hong Kong's new stock market and stimulate more high-growth or small and medium-sized enterprises from the Asia region to list in Hong Kong. (Source: Securities Daily)