Hong Kong IPOs to underpin blockbuster week in Asia as ‘animal spirits’ return

Quick Summary:

China Resources Beverage and Horizon Robotics are set to make their trading debut in Hong Kong on Wednesday and Thursday, respectively.

Their success may spark a broader revival of Chinese IPOs in Hong Kong.“We are likely witnessing the initial stage of a recovery in the Hong Kong and China capital markets,” said Cathy Zhang, head of Asia equity capital markets at Morgan Stanley.“We need more larger, high-quality companies to list in Hong Kong and continue to perform well to ensure that this trend is sustainable.

Asia’s stock markets are gearing up for their busiest week of new listings in more than two years, offering a crucial test of demand as companies rush to raise money before the US election.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: Hong KongChinaIndiaJapan

Topics: Companies Week Shares Kong Election Raise China Asia Markets Hong Deals

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-20 @ 16:30:12 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 291 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 49 words per sentence (average)

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Copyright Owner: © SCMP

News ID: 23133302

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