On January 11, Xun’an Technology landed on the Beijing Stock Exchange. This is the second new stock ushered in by A-shares in 2023. On January 6, Baili Tianheng was listed on the Science and Technology Innovation Board. The two companies raised a total of 1.152 billion Yuan.
According to the “Securities Daily” reporter sorting out, there are currently 43 companies that have received “admission tickets”, but have not yet been listed. Another 897 companies are in the queue for listing applications. On the whole, there are currently 940 A-share companies waiting to enter the market, and they plan to raise more than 644.7 billion yuan.
In 2022, 424 new shares will be listed, raising a total of 586.8 billion yuan, a year-on-year increase of 2.64%, setting a record high. Experts interviewed said that when the economy recovers in 2023, the capital market will continue to increase its support for real companies. With the advancement of the registration system reform, the scale of new stock financing is expected to hit a new high.
The scale of new share issuance will grow steadily
It will still take some time for a company to get the A-share “admission ticket” to ring the bell for listing. According to the reporter, as of January 11, there are currently 43 companies that have received “admission tickets”, but have not yet been listed, and the planned fundraising (including actual fundraising) totals 41.997 billion yuan. Among them, 10 new shares have been issued and have not been listed, raising a total of 6.82 billion yuan, and another 3 companies are in the process of issuing, planning to raise 6.567 billion yuan. In addition, there are 30 other companies that have been registered and have not yet started issuance, and plan to raise a total of 28.592 billion yuan.
In terms of queuing for issuance and listing applications, according to statistics from the China Securities Regulatory Commission and the websites of the three major stock exchanges, as of January 11, there were 307 companies queuing up for the Shanghai and Shenzhen main boards, of which 28 have passed the IPO review committee but have not yet received approval. There are 159, 343 and 88 queuing companies on the Science and Technology Innovation Board, the ChiNext Board, and the Beijing Stock Exchange, of which 35, 68, and 8 have submitted registrations, respectively. Overall, there are currently 897 companies queuing for IPOs, of which 139 have passed the IPO review meeting or submitted for registration. In addition, according to statistics from Flush iFinD, the above-mentioned 897 queuing companies plan to raise a total of 602.724 billion yuan.
Talking about the issuance of new shares in 2023, Chen Li, chief economist of Chuancai Securities and director of the research institute, believes that the scale of new share issuance in 2023 will grow steadily. The reform of the registration system is conducive to the improvement of financing functions and has a positive effect on the increase in the scale of new share issuance.
Zhou Jianhua, a strategy analyst at Zhongyuan Securities , believes that the A-share market is expected to pick up in 2023, and the financing demand in the process of economic recovery is still large. It is expected that the financing scale in 2023 will not be lower than that in 2022, especially with the orderly advancement of the registration system, Funding for technology-based companies could increase significantly.
The positioning of the mass entrepreneurship and innovation sector was further optimized
In 2023, new changes will be introduced in the review of IPOs on the Science and Technology Innovation Board and the Growth Enterprise Market. At the end of 2022, the China Securities Regulatory Commission will revise the guidelines for evaluating the attributes of science and technology innovation, and the Shanghai and Shenzhen Stock Exchanges will respectively issue interim regulations on the issuance and listing declaration and recommendation of the Science and Technology Innovation Board and the Growth Enterprise Market, which will help further grasp the positioning of the Science and Technology Innovation Board and the Growth Enterprise Market, and consolidate issuers. and intermediary agency responsibilities, etc.
Chen Li believes that the further clarification of the standards for the Science and Technology Innovation Board and the Growth Enterprise Market will help broaden the listing channels for new share issuance. After optimizing sector positioning and related indicators, listed companies can find a sector that is more suitable for their own development to go public. For the market, it points out the right direction for capital flow, and the allocation of market resources will be more reasonable and efficient. It is expected that the listing review process of listed companies will be further optimized in the future.
In December last year, the China Securities Regulatory Commission conveyed the spirit of learning from the Central Economic Work Conference, saying, “Deeply promote the reform of the stock issuance registration system, highlight the essence of handing over the right to choose to the market, combine decentralization and management, and improve the efficiency of resource allocation.”
Talking about the trend of new share issuance in 2023, Zhou Jianhua believes that there may be three major trends: first, the issuance of new shares in 2023 will open the door to technological green enterprises that conform to the new development concept, and listed companies will focus more on technological innovation enterprises; With the in-depth promotion of the registration system, the breakout of new shares may become the norm; third, the financing scale of new shares in 2023 may hit a record high.
Chen Li believes that in 2023, under the steady promotion of the reform of the registration system, the regulatory authorities will strictly control the “entry gate” and improve the quality of information disclosure. The market’s valuation of new shares will also be more reasonable and close to the actual value. further optimization.
This article is from the WeChat public account “Voice of Securities Daily” (ID: securitiesdaily) , author: Wu Xiaolu, 36 Krypton is authorized to publish.
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related events
- 43 companies have obtained A-share “admission tickets” and plan to raise 41.997 billion yuan, and the financing of technology-based enterprises may increase significantly2023-01-12
- During the year, 409 listed new shares issued 575.9 billion yuan, and the Science and Technology Innovation Board accounted for more than 40% 2022-12-27
- Hong Kong Stock Exchange: 92 new shares have been listed this year, and the initial public fundraising amount has reached 318.9 billion yuan2021-12-21
- In the first half of the year, Hong Kong Stock Exchange raised approximately HK$209.7 billion in new shares, which is expected to rank third in the world2021-06-19
- China Telecom disclosed the details of A: The total fundraising is expected to reach 54.4 billion yuan2021-03-17
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