China has neither tightened nor relaxed the approval process for initial public offerings, but is focused more on aspects like market capacity, liquidity and coordinated development of the primary and secondary markets, a top regulatory official said.
First-quarter IPOs confirm vibrant market sentiment-Despite the lingering COVID-19 pandemic and supervision complexity in some parts of the world, first-quarter initial public offerings raised substantial amount of funds from major stock markets, including those in Shanghai, Shenzhen and Hong Kong, suggesting investor sentiment remains vibrant.
First-quarter IPOs confirm vibrant market sentiment By SHI JING in Shanghai | China Daily | Updated: 2021-04-13 09:23 Pedestrians pass a screen showing information on Hong Kong shares in Hong Kong on March 30. [Photo/Agencies]
Shanghai, Shenzhen, HK sizzle, while some undaunted companies head for US
Despite the lingering COVID-19 pandemic and supervision complexity in some parts of the world, first-quarter initial public offerings raised substantial amount of funds from major stock markets, including those in Shanghai, Shenzhen and Hong Kong, suggesting investor sentiment remains vibrant.
There were 100 IPOs on China s A-share market in the first three months, up 96 percent year-on-year, which raised 76.1 billion yuan ($11.6 billion), down 3 percent year-on-year.