HK Business

Chinese Companies Turn to Switzerland for Fundraising as Hong Kong’s IPO Market Deteriorates

Chinese Companies Turn to Switzerland for Fundraising as Hong Kong’s IPO Market Deteriorates
The logo of Hong Kong Exchanges & Clearing Ltd. (HKEX) is seen at the financial Central district in Hong Kong, China, on Sept. 14, 2020. Tyrone Siu/Reuters
Kathleen Li
|Updated:
0:00
News Analysis
Chinese A-share companies have started listing in Switzerland, while the Hong Kong Stock Exchange (HKEX) saw a record low funding in IPOs.

Hong Kong’s Weak IPO Market

According to its latest interim results (pdf), in the first half of 2022, the HKEX saw a 27 percent drop in profit and an 18 percent decline in revenue and other incomes compared to the same period last year. Its IPO fundraising plummeted from HK$211.7 billion (around $27.5 billion) to HK$19.7 billion (around $2.6 billion), dropping 91 percent year over year.
Kathleen Li
Kathleen Li
Author
Kathleen Li has contributed to The Epoch Times since 2009 and focuses on China-related topics. She is an engineer, chartered in civil and structural engineering in Australia.
Related Topics