Chinanews, Beijing, April 1st (Reporter Yan Xiaohong) The latest research report shows that global IPO activity will grow vigorously in 2021.
The A-share market will remain active, with technology, media and communications stocks and high-end industrial stocks as the main driving force.
KPMG’s first quarter 2021 review report on the IPO markets in Mainland China and Hong Kong released on the 1st showed that the global IPO market raised more than three times the amount of funds raised in the first quarter of 2020.
The United States, Hong Kong, China and the A-share market continued to lead the market, with a total of US$61.4 billion in funds raised, accounting for more than 63% of the global IPO funds raised.
KPMG China Capital Markets Managing Partner Liu Guoxian said that in 2021, as the global supply of new crown pneumonia vaccines increases, the global economy is expected to recover.
The market will maintain a trend of low interest rates, high liquidity and a strong investment atmosphere.
Benefited from the strong recovery of the domestic economy in Mainland China and the implementation of the registration system, the A-share IPO market continued to be active in the first quarter of this year.
The Sci-tech Innovation Board market recorded 35 listings during the quarter, raising a total of 33.2 billion yuan in funds.
The ChiNext, which focuses on serving innovative growth companies and start-ups, completed 33 listing transactions, raising a total of 19 billion yuan.
Listing activities on the A-share market continue to be active, with more than 700 companies’ listing applications being reviewed and approved, mainly involving the Sci-tech Innovation Board and ChiNext, reflecting that their listing mechanism has won investors’ confidence and market recognition.
In terms of the industry sector, as the digital economy and industrial markets are further developed in China, technology, media and communications stocks and industrial stocks continue to be sought after.
High-end industrial stocks, technology, media and communications stocks, and life sciences dominated the SSE and ChiNext listing channels, accounting for 88% of listing applications in the first quarter.
Liu Dachang, a partner of KPMG's China Capital Markets Advisory Group, said that looking to the future, the new "dual cycle" economic strategy regards the mainland market as the pillar of China's future development, which is conducive to the development of innovative industries.
At the same time, ensuring the quality of listed companies remains the goal of regulatory agencies, which is conducive to maintaining the stable and healthy operation of the capital market and effectively serving the growth of the real economy.
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