Shanghai Could Be The World's Biggest IPO Market This Year.
Hong Kong (CNN Business)Shanghai is on track to steal the global IPO crown this year, bolstering a drive by Beijing to reduce its reliance on foreign financial markets and giving China a powerful one-two fundraising punch with regional powerhouse Hong Kong.
Stock exchanges in Greater China — including Hong Kong, Shanghai and Shenzhen — have raised a combined $123 billion through hundreds of new corporate listings so far this year, according to data compiled by research firm Dealogic.
- Nov 02, 2020-