Hong Kong's dry spell for IPOs set to end with big China deals

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July 03, 2022 6:02 PM - HONG KONG (BLOOMBERG) - After a dismal first six months, things are finally looking up for initial public offerings in Hong Kong as several large Chinese firms line up to list in Asia's financial hub in the second half.

The pipeline of offerings of about US$500 million or more also includes snack maker Weilong Delicious Global Holdings Ltd.and Wego Blood Purification, the dialysis unit of China's Wego Group.

The flow of positive news from China has propelled the benchmark CSI 300 Index toward a technical bull market and analysts are expecting more constructive policy reinforcements in the second half of the year.

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Article Details

Category: Economy

Topics: Chinese Group Deals Billion Year Market First Window China Hong Kong

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-03, 18:02:20

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Reading Time: 5 minutes read

Article Length: 723 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 27205

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About The Straits Times

Main Topics: Economy

Official Website: straitstimes.com

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Year Established: 1845

Headquarters: Singapore

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