In 2023, China’s IPO market can find no reason to be pessimistic

In 2022, a total of 423 new A-shares will be listed, with a financing amount of more than 570 billion yuan. Although it is nearly 19% lower than the 522 new shares in 2021, it is more than 5% higher than the 540 billion yuan financing amount in 2021. hit a record high. In addition to the new high financing amount of A-shares, there are two surprises for IPO companies: the top two global IPO numbers and financing amount in 2022 are the Shanghai Stock Exchange and the Shenzhen Stock Exchange; four of the top ten IPOs in the world are Chinese companies. We have no reason not to be optimistic about the continuous improvement and development of China’s securities market, especially in the context of the full implementation of the registration system. It can be expected that this year’s IPO will at least not be worse than that in 2022. | Related reading (36 krypton)

Sister Pomegranate

In the past year, global economic turmoil and domestic listing policies have had a significant impact on A shares. U.S. interest rate hikes have tightened liquidity and domestic liquidity has loosened, and A-shares are leading the world in both the number of listings and the amount of financing. As far as domestic A shares are concerned, the impact of the registration system is obvious. The implementation of the registration system has caused the number of IPOs issued under the approval system to shrink significantly year-on-year, and the scale of initial fundraising. Although the number of new shares issued under the registration system has decreased, the total amount of funds raised has not decreased but increased. Inevitable reaction under control.

In 2023, favorable conditions such as the release of the epidemic will release new kinetic energy, and will also vigorously promote the pace of A-share listing. With the continuous deepening of the reform of the registration system, the degree of marketization of IPO pricing continues to increase, the resonance between IPO earnings and the secondary market will become more frequent, the uncertainty of IPO earnings will further increase, and the breakout of IPOs may still be the norm.

With the introduction of various policies to stimulate economic growth and measures to improve the registration system in 2023,

The A-share IPO market will continue to demonstrate its resilience and remain active amidst a challenging macroeconomic environment. Both the number of new shares listed and the amount of market financing will continue to climb.

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