Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever

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Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever

Fortune2021-06-29

The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from...

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Alykrunch
·2021-07-13
Everything related to the Chinese market will dip over the next few days/weeks so good to go in now?
Reply
1
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Harry1010
·2021-06-29
Good opportunity
Reply
3
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- JerryChiang:
  if only still have bullet, lol
  2021-06-29
  Reply
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qikang863
·2021-06-29
Nice
Reply
2
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tall_panda
·2021-06-29
Like
Reply
3
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Butt3rc00ki3
·2021-06-29
Like
Reply
2
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AaronNg
·2021-06-29
Like and comment
Reply
2
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tradingnoob
·2021-06-29
Can these still moon???
Reply
3
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edgewise
·2021-06-29
What to buy?
Reply
6
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- tradingnoob:
  buy those still able to moon!
  2021-06-29
  Reply
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Wtm90
·2021-06-29
Oh wow
Reply
4
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- clamst:
  Done
  2021-06-29
  Reply
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moneyfreedom
·2021-06-29
Meh
Reply
7
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L8W
·2021-06-29
Wow
Reply
6
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- L8W:
  Wow
  2021-06-29
  Reply
  Report
StanGaming
·2021-06-29
pls like thanks
Reply
7
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- AaronNg:
  Like and commwbt
  2021-06-29
  Reply
  Report
- moneyfreedom:
  Wow
  2021-06-29
  Reply
  Report
TSL1121
·2021-06-29
pls like and comment
Reply
5
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- AaronNg:
  Like and comment
  2021-06-29
  Reply
  Report
Sotong
·2021-06-29
like and comment l
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6
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- Sotong:
  reply back
  2021-06-29
  Reply
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Ygh
·2021-06-29
Pls like and comment
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5
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- TSL1121:
  hi
  2021-06-29
  Reply
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yeyekai
·2021-06-29
Nice article here
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5
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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese tech IPOs fuel Hong Kong stock exchange’s best first half ever\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 14:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html><strong>Fortune</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02618","symbol_name":"京东物流","start_time":0,"source_url":"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html","article_id":"1159327817","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1159327817","pubTimestamp":1624947169,"sourceInfo":{"source_id":"lsy1612507957220","name":"finance.yahoo"},"weMediaInfo":null,"summary":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing  to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.The blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.TikTok rival Kuaishou Technology, a short-video p","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"02618":"京东物流","01024":"快手-W"},"translate_title":"中国科技公司首次公开募股推动了香港证交所有史以来最好的上半年","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01024":0.9,"02618":0.9},"content_text":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.\nThe blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.\nTikTok rival Kuaishou Technology, a short-video platform, amassed $6.2 billion in its public debut on the HKEX in February. It was the world’s top-earning IPO in the first six months of 2021.\nJD Logistics, the technology-driven delivery arm of e-commerce empireJD.com, raised $3.6 billion in its May debut.\nThree secondary listings by Chinese firms also brought in large sums. In March, search engine giant Baidu netted $3.1 billion, while video platform Bilibili raised $3 billion that same month. Shanghai-based Trip.com, a travel booking platform, received $1.3 billion from investors in April.\nFour of the five firms made the list of top 10 IPOs worldwide in terms of funds raised for the first half of 2021.\n\nThe outsize presence of technology firms on the Hong Kong bourse is not surprising, as markets pivot to “new economy” firms—namely, innovative, tech-first companies, says Louis Lau, partner in the capital markets advisory group atKPMGChina.\nThe trend in “homecoming listings”—or U.S.-listed Chinese companies that choose the HKEX for a secondary listing—that began in 2018 has also continued this year. The Hong Kong bourse is a natural choice for such listings, given domestic investors’ familiarity with Chinese companies’ brands and businesses, analysts say. Secondary listings in Hong Kong serve as a sort of backup option for U.S.-listed firms that are at risk of being booted from American exchanges should they violate U.S. audit review rules.\nFourteen Chinese companies have opted for a secondary listing in Hong Kong since 2018. Baidu, Bilibili, Trip, and online car portal Autohome staged homecoming listings in the first six months of 2021 andraised a combined$8.1 billion—approximately 31% of the city’s IPO proceeds.\n“The ‘homecoming’ of U.S.-listed Chinese companies continues to lift the city’s capital markets…and [are] the hot trend of the Hong Kong IPO market. We expect this trend to continue,” says Lau.\nFor the first half of this year, the HKEX ranked third worldwide in terms of funds raised, behind theNasdaqand New York Stock Exchange (NYSE), which raked in $46.4 billion and $28.3 billion, respectively. Funds raised in the global IPO market soared to $210 billion in the first six months of 2021, an increase of 66% compared with the same period last year.\n\nHKEX in May announced it will raise its profit requirements by 60% for listing applicants starting in January 2022. It’s the first increase in almost 30 years for the bourse, which made the change to “enhance market quality and investor protection,”HKEX said in a statement.\nEven with the higher profit threshold, the Hong Kong exchange will remain competitive, Lau says. The recent announcement may lead to a rush of IPO applications in the second half of this year, since the change takes effect in January. “However, the Hong Kong IPO market will not be significantly impacted in terms of funds raised,” he adds.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":142058764,"gmtCreate":1626106059958,"gmtModify":1703753602383,"author":{"id":"3577443068440656","authorId":"3577443068440656","name":"Alykrunch","avatar":"https://community-static.tradeup.com/news/31f6afa1679347244125537288dce699","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Everything related to the Chinese market will dip over the next few days/weeks so good to go in now?","listText":"Everything related to the Chinese market will dip over the next few days/weeks so good to go in now?","text":"Everything related to the Chinese market will dip over the next few days/weeks so good to go in now?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/142058764","repostId":1159327817,"repostType":2,"repost":{"id":"1159327817","pubTimestamp":1624947169,"share":"https://www.laohu8.com/m/news/1159327817?lang=&edition=full","pubTime":"2021-06-29 14:12","market":"hk","language":"en","title":"Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever","url":"https://stock-news.laohu8.com/highlight/detail?id=1159327817","media":"Fortune","summary":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing  to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.The blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.TikTok rival Kuaishou Technology, a short-video p","content":"<p>The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.</p>\n<p>The blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.</p>\n<p>TikTok rival Kuaishou Technology, a short-video platform, amassed $6.2 billion in its public debut on the HKEX in February. It was the world’s top-earning IPO in the first six months of 2021.</p>\n<p>JD Logistics, the technology-driven delivery arm of e-commerce empireJD.com, raised $3.6 billion in its May debut.</p>\n<p>Three secondary listings by Chinese firms also brought in large sums. In March, search engine giant Baidu netted $3.1 billion, while video platform Bilibili raised $3 billion that same month. Shanghai-based Trip.com, a travel booking platform, received $1.3 billion from investors in April.</p>\n<p>Four of the five firms made the list of top 10 IPOs worldwide in terms of funds raised for the first half of 2021.</p>\n<p><img src=\"https://static.tigerbbs.com/2450e9000b6cc09a084ce1ea12996dbf\" tg-width=\"705\" tg-height=\"632\" referrerpolicy=\"no-referrer\"></p>\n<p>The outsize presence of technology firms on the Hong Kong bourse is not surprising, as markets pivot to “new economy” firms—namely, innovative, tech-first companies, says Louis Lau, partner in the capital markets advisory group atKPMGChina.</p>\n<p>The trend in “homecoming listings”—or U.S.-listed Chinese companies that choose the HKEX for a secondary listing—that began in 2018 has also continued this year. The Hong Kong bourse is a natural choice for such listings, given domestic investors’ familiarity with Chinese companies’ brands and businesses, analysts say. Secondary listings in Hong Kong serve as a sort of backup option for U.S.-listed firms that are at risk of being booted from American exchanges should they violate U.S. audit review rules.</p>\n<p>Fourteen Chinese companies have opted for a secondary listing in Hong Kong since 2018. Baidu, Bilibili, Trip, and online car portal Autohome staged homecoming listings in the first six months of 2021 andraised a combined$8.1 billion—approximately 31% of the city’s IPO proceeds.</p>\n<p>“The ‘homecoming’ of U.S.-listed Chinese companies continues to lift the city’s capital markets…and [are] the hot trend of the Hong Kong IPO market. We expect this trend to continue,” says Lau.</p>\n<p>For the first half of this year, the HKEX ranked third worldwide in terms of funds raised, behind theNasdaqand New York Stock Exchange (NYSE), which raked in $46.4 billion and $28.3 billion, respectively. Funds raised in the global IPO market soared to $210 billion in the first six months of 2021, an increase of 66% compared with the same period last year.</p>\n<p><img src=\"https://static.tigerbbs.com/029bb7383e64abec244db35d4ac948ac\" tg-width=\"704\" tg-height=\"612\" referrerpolicy=\"no-referrer\"></p>\n<p>HKEX in May announced it will raise its profit requirements by 60% for listing applicants starting in January 2022. It’s the first increase in almost 30 years for the bourse, which made the change to “enhance market quality and investor protection,”HKEX said in a statement.</p>\n<p>Even with the higher profit threshold, the Hong Kong exchange will remain competitive, Lau says. The recent announcement may lead to a rush of IPO applications in the second half of this year, since the change takes effect in January. “However, the Hong Kong IPO market will not be significantly impacted in terms of funds raised,” he adds.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese tech IPOs fuel Hong Kong stock exchange’s best first half ever\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 14:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html><strong>Fortune</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02618":"京东物流","01024":"快手-W"},"source_url":"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159327817","content_text":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.\nThe blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.\nTikTok rival Kuaishou Technology, a short-video platform, amassed $6.2 billion in its public debut on the HKEX in February. It was the world’s top-earning IPO in the first six months of 2021.\nJD Logistics, the technology-driven delivery arm of e-commerce empireJD.com, raised $3.6 billion in its May debut.\nThree secondary listings by Chinese firms also brought in large sums. In March, search engine giant Baidu netted $3.1 billion, while video platform Bilibili raised $3 billion that same month. Shanghai-based Trip.com, a travel booking platform, received $1.3 billion from investors in April.\nFour of the five firms made the list of top 10 IPOs worldwide in terms of funds raised for the first half of 2021.\n\nThe outsize presence of technology firms on the Hong Kong bourse is not surprising, as markets pivot to “new economy” firms—namely, innovative, tech-first companies, says Louis Lau, partner in the capital markets advisory group atKPMGChina.\nThe trend in “homecoming listings”—or U.S.-listed Chinese companies that choose the HKEX for a secondary listing—that began in 2018 has also continued this year. The Hong Kong bourse is a natural choice for such listings, given domestic investors’ familiarity with Chinese companies’ brands and businesses, analysts say. Secondary listings in Hong Kong serve as a sort of backup option for U.S.-listed firms that are at risk of being booted from American exchanges should they violate U.S. audit review rules.\nFourteen Chinese companies have opted for a secondary listing in Hong Kong since 2018. Baidu, Bilibili, Trip, and online car portal Autohome staged homecoming listings in the first six months of 2021 andraised a combined$8.1 billion—approximately 31% of the city’s IPO proceeds.\n“The ‘homecoming’ of U.S.-listed Chinese companies continues to lift the city’s capital markets…and [are] the hot trend of the Hong Kong IPO market. We expect this trend to continue,” says Lau.\nFor the first half of this year, the HKEX ranked third worldwide in terms of funds raised, behind theNasdaqand New York Stock Exchange (NYSE), which raked in $46.4 billion and $28.3 billion, respectively. Funds raised in the global IPO market soared to $210 billion in the first six months of 2021, an increase of 66% compared with the same period last year.\n\nHKEX in May announced it will raise its profit requirements by 60% for listing applicants starting in January 2022. It’s the first increase in almost 30 years for the bourse, which made the change to “enhance market quality and investor protection,”HKEX said in a statement.\nEven with the higher profit threshold, the Hong Kong exchange will remain competitive, Lau says. The recent announcement may lead to a rush of IPO applications in the second half of this year, since the change takes effect in January. “However, the Hong Kong IPO market will not be significantly impacted in terms of funds raised,” he adds.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":159163455,"gmtCreate":1624949008877,"gmtModify":1703848640851,"author":{"id":"3558934462491429","authorId":"3558934462491429","name":"Harry1010","avatar":"https://static.tigerbbs.com/09d1823c2e1dd75a27f9260ec4e63181","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"Good opportunity&nbsp;","listText":"Good opportunity&nbsp;","text":"Good opportunity","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/159163455","repostId":1159327817,"repostType":4,"repost":{"id":"1159327817","pubTimestamp":1624947169,"share":"https://www.laohu8.com/m/news/1159327817?lang=&edition=full","pubTime":"2021-06-29 14:12","market":"hk","language":"en","title":"Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever","url":"https://stock-news.laohu8.com/highlight/detail?id=1159327817","media":"Fortune","summary":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing  to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.The blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.TikTok rival Kuaishou Technology, a short-video p","content":"<p>The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.</p>\n<p>The blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.</p>\n<p>TikTok rival Kuaishou Technology, a short-video platform, amassed $6.2 billion in its public debut on the HKEX in February. It was the world’s top-earning IPO in the first six months of 2021.</p>\n<p>JD Logistics, the technology-driven delivery arm of e-commerce empireJD.com, raised $3.6 billion in its May debut.</p>\n<p>Three secondary listings by Chinese firms also brought in large sums. In March, search engine giant Baidu netted $3.1 billion, while video platform Bilibili raised $3 billion that same month. Shanghai-based Trip.com, a travel booking platform, received $1.3 billion from investors in April.</p>\n<p>Four of the five firms made the list of top 10 IPOs worldwide in terms of funds raised for the first half of 2021.</p>\n<p><img src=\"https://static.tigerbbs.com/2450e9000b6cc09a084ce1ea12996dbf\" tg-width=\"705\" tg-height=\"632\" referrerpolicy=\"no-referrer\"></p>\n<p>The outsize presence of technology firms on the Hong Kong bourse is not surprising, as markets pivot to “new economy” firms—namely, innovative, tech-first companies, says Louis Lau, partner in the capital markets advisory group atKPMGChina.</p>\n<p>The trend in “homecoming listings”—or U.S.-listed Chinese companies that choose the HKEX for a secondary listing—that began in 2018 has also continued this year. The Hong Kong bourse is a natural choice for such listings, given domestic investors’ familiarity with Chinese companies’ brands and businesses, analysts say. Secondary listings in Hong Kong serve as a sort of backup option for U.S.-listed firms that are at risk of being booted from American exchanges should they violate U.S. audit review rules.</p>\n<p>Fourteen Chinese companies have opted for a secondary listing in Hong Kong since 2018. Baidu, Bilibili, Trip, and online car portal Autohome staged homecoming listings in the first six months of 2021 andraised a combined$8.1 billion—approximately 31% of the city’s IPO proceeds.</p>\n<p>“The ‘homecoming’ of U.S.-listed Chinese companies continues to lift the city’s capital markets…and [are] the hot trend of the Hong Kong IPO market. We expect this trend to continue,” says Lau.</p>\n<p>For the first half of this year, the HKEX ranked third worldwide in terms of funds raised, behind theNasdaqand New York Stock Exchange (NYSE), which raked in $46.4 billion and $28.3 billion, respectively. Funds raised in the global IPO market soared to $210 billion in the first six months of 2021, an increase of 66% compared with the same period last year.</p>\n<p><img src=\"https://static.tigerbbs.com/029bb7383e64abec244db35d4ac948ac\" tg-width=\"704\" tg-height=\"612\" referrerpolicy=\"no-referrer\"></p>\n<p>HKEX in May announced it will raise its profit requirements by 60% for listing applicants starting in January 2022. It’s the first increase in almost 30 years for the bourse, which made the change to “enhance market quality and investor protection,”HKEX said in a statement.</p>\n<p>Even with the higher profit threshold, the Hong Kong exchange will remain competitive, Lau says. The recent announcement may lead to a rush of IPO applications in the second half of this year, since the change takes effect in January. “However, the Hong Kong IPO market will not be significantly impacted in terms of funds raised,” he adds.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese tech IPOs fuel Hong Kong stock exchange’s best first half ever\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 14:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html><strong>Fortune</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02618":"京东物流","01024":"快手-W"},"source_url":"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159327817","content_text":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.\nThe blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.\nTikTok rival Kuaishou Technology, a short-video platform, amassed $6.2 billion in its public debut on the HKEX in February. It was the world’s top-earning IPO in the first six months of 2021.\nJD Logistics, the technology-driven delivery arm of e-commerce empireJD.com, raised $3.6 billion in its May debut.\nThree secondary listings by Chinese firms also brought in large sums. In March, search engine giant Baidu netted $3.1 billion, while video platform Bilibili raised $3 billion that same month. Shanghai-based Trip.com, a travel booking platform, received $1.3 billion from investors in April.\nFour of the five firms made the list of top 10 IPOs worldwide in terms of funds raised for the first half of 2021.\n\nThe outsize presence of technology firms on the Hong Kong bourse is not surprising, as markets pivot to “new economy” firms—namely, innovative, tech-first companies, says Louis Lau, partner in the capital markets advisory group atKPMGChina.\nThe trend in “homecoming listings”—or U.S.-listed Chinese companies that choose the HKEX for a secondary listing—that began in 2018 has also continued this year. The Hong Kong bourse is a natural choice for such listings, given domestic investors’ familiarity with Chinese companies’ brands and businesses, analysts say. Secondary listings in Hong Kong serve as a sort of backup option for U.S.-listed firms that are at risk of being booted from American exchanges should they violate U.S. audit review rules.\nFourteen Chinese companies have opted for a secondary listing in Hong Kong since 2018. Baidu, Bilibili, Trip, and online car portal Autohome staged homecoming listings in the first six months of 2021 andraised a combined$8.1 billion—approximately 31% of the city’s IPO proceeds.\n“The ‘homecoming’ of U.S.-listed Chinese companies continues to lift the city’s capital markets…and [are] the hot trend of the Hong Kong IPO market. We expect this trend to continue,” says Lau.\nFor the first half of this year, the HKEX ranked third worldwide in terms of funds raised, behind theNasdaqand New York Stock Exchange (NYSE), which raked in $46.4 billion and $28.3 billion, respectively. Funds raised in the global IPO market soared to $210 billion in the first six months of 2021, an increase of 66% compared with the same period last year.\n\nHKEX in May announced it will raise its profit requirements by 60% for listing applicants starting in January 2022. It’s the first increase in almost 30 years for the bourse, which made the change to “enhance market quality and investor protection,”HKEX said in a statement.\nEven with the higher profit threshold, the Hong Kong exchange will remain competitive, Lau says. The recent announcement may lead to a rush of IPO applications in the second half of this year, since the change takes effect in January. “However, the Hong Kong IPO market will not be significantly impacted in terms of funds raised,” he adds.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5065502,"gmtCreate":1624949999800,"gmtModify":1663230261752,"authorId":3576907825888639,"author":{"id":3576907825888639,"authorId":3576907825888639,"name":"JerryChiang","avatar":"https://static.tigerbbs.com/537811c4027e5f1664a45ab303892cb1","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":159163455,"type":1,"supId":0,"prevId":0,"content":"if only still have bullet, <u>lol</u>","text":"if only still have bullet, <u>lol</u>","html":"if only still have bullet, <u>lol</u>"}],"langContent":"EN"},{"id":159169748,"gmtCreate":1624948897684,"gmtModify":1703848639559,"author":{"id":"4087696837759840","authorId":"4087696837759840","name":"qikang863","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159169748","repostId":1159327817,"repostType":4,"repost":{"id":"1159327817","pubTimestamp":1624947169,"share":"https://www.laohu8.com/m/news/1159327817?lang=&edition=full","pubTime":"2021-06-29 14:12","market":"hk","language":"en","title":"Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever","url":"https://stock-news.laohu8.com/highlight/detail?id=1159327817","media":"Fortune","summary":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing  to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.The blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.TikTok rival Kuaishou Technology, a short-video p","content":"<p>The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.</p>\n<p>The blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.</p>\n<p>TikTok rival Kuaishou Technology, a short-video platform, amassed $6.2 billion in its public debut on the HKEX in February. It was the world’s top-earning IPO in the first six months of 2021.</p>\n<p>JD Logistics, the technology-driven delivery arm of e-commerce empireJD.com, raised $3.6 billion in its May debut.</p>\n<p>Three secondary listings by Chinese firms also brought in large sums. In March, search engine giant Baidu netted $3.1 billion, while video platform Bilibili raised $3 billion that same month. Shanghai-based Trip.com, a travel booking platform, received $1.3 billion from investors in April.</p>\n<p>Four of the five firms made the list of top 10 IPOs worldwide in terms of funds raised for the first half of 2021.</p>\n<p><img src=\"https://static.tigerbbs.com/2450e9000b6cc09a084ce1ea12996dbf\" tg-width=\"705\" tg-height=\"632\" referrerpolicy=\"no-referrer\"></p>\n<p>The outsize presence of technology firms on the Hong Kong bourse is not surprising, as markets pivot to “new economy” firms—namely, innovative, tech-first companies, says Louis Lau, partner in the capital markets advisory group atKPMGChina.</p>\n<p>The trend in “homecoming listings”—or U.S.-listed Chinese companies that choose the HKEX for a secondary listing—that began in 2018 has also continued this year. The Hong Kong bourse is a natural choice for such listings, given domestic investors’ familiarity with Chinese companies’ brands and businesses, analysts say. Secondary listings in Hong Kong serve as a sort of backup option for U.S.-listed firms that are at risk of being booted from American exchanges should they violate U.S. audit review rules.</p>\n<p>Fourteen Chinese companies have opted for a secondary listing in Hong Kong since 2018. Baidu, Bilibili, Trip, and online car portal Autohome staged homecoming listings in the first six months of 2021 andraised a combined$8.1 billion—approximately 31% of the city’s IPO proceeds.</p>\n<p>“The ‘homecoming’ of U.S.-listed Chinese companies continues to lift the city’s capital markets…and [are] the hot trend of the Hong Kong IPO market. We expect this trend to continue,” says Lau.</p>\n<p>For the first half of this year, the HKEX ranked third worldwide in terms of funds raised, behind theNasdaqand New York Stock Exchange (NYSE), which raked in $46.4 billion and $28.3 billion, respectively. Funds raised in the global IPO market soared to $210 billion in the first six months of 2021, an increase of 66% compared with the same period last year.</p>\n<p><img src=\"https://static.tigerbbs.com/029bb7383e64abec244db35d4ac948ac\" tg-width=\"704\" tg-height=\"612\" referrerpolicy=\"no-referrer\"></p>\n<p>HKEX in May announced it will raise its profit requirements by 60% for listing applicants starting in January 2022. It’s the first increase in almost 30 years for the bourse, which made the change to “enhance market quality and investor protection,”HKEX said in a statement.</p>\n<p>Even with the higher profit threshold, the Hong Kong exchange will remain competitive, Lau says. The recent announcement may lead to a rush of IPO applications in the second half of this year, since the change takes effect in January. “However, the Hong Kong IPO market will not be significantly impacted in terms of funds raised,” he adds.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese tech IPOs fuel Hong Kong stock exchange’s best first half ever\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 14:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html><strong>Fortune</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02618":"京东物流","01024":"快手-W"},"source_url":"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159327817","content_text":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.\nThe blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.\nTikTok rival Kuaishou Technology, a short-video platform, amassed $6.2 billion in its public debut on the HKEX in February. It was the world’s top-earning IPO in the first six months of 2021.\nJD Logistics, the technology-driven delivery arm of e-commerce empireJD.com, raised $3.6 billion in its May debut.\nThree secondary listings by Chinese firms also brought in large sums. In March, search engine giant Baidu netted $3.1 billion, while video platform Bilibili raised $3 billion that same month. Shanghai-based Trip.com, a travel booking platform, received $1.3 billion from investors in April.\nFour of the five firms made the list of top 10 IPOs worldwide in terms of funds raised for the first half of 2021.\n\nThe outsize presence of technology firms on the Hong Kong bourse is not surprising, as markets pivot to “new economy” firms—namely, innovative, tech-first companies, says Louis Lau, partner in the capital markets advisory group atKPMGChina.\nThe trend in “homecoming listings”—or U.S.-listed Chinese companies that choose the HKEX for a secondary listing—that began in 2018 has also continued this year. The Hong Kong bourse is a natural choice for such listings, given domestic investors’ familiarity with Chinese companies’ brands and businesses, analysts say. Secondary listings in Hong Kong serve as a sort of backup option for U.S.-listed firms that are at risk of being booted from American exchanges should they violate U.S. audit review rules.\nFourteen Chinese companies have opted for a secondary listing in Hong Kong since 2018. Baidu, Bilibili, Trip, and online car portal Autohome staged homecoming listings in the first six months of 2021 andraised a combined$8.1 billion—approximately 31% of the city’s IPO proceeds.\n“The ‘homecoming’ of U.S.-listed Chinese companies continues to lift the city’s capital markets…and [are] the hot trend of the Hong Kong IPO market. We expect this trend to continue,” says Lau.\nFor the first half of this year, the HKEX ranked third worldwide in terms of funds raised, behind theNasdaqand New York Stock Exchange (NYSE), which raked in $46.4 billion and $28.3 billion, respectively. Funds raised in the global IPO market soared to $210 billion in the first six months of 2021, an increase of 66% compared with the same period last year.\n\nHKEX in May announced it will raise its profit requirements by 60% for listing applicants starting in January 2022. It’s the first increase in almost 30 years for the bourse, which made the change to “enhance market quality and investor protection,”HKEX said in a statement.\nEven with the higher profit threshold, the Hong Kong exchange will remain competitive, Lau says. The recent announcement may lead to a rush of IPO applications in the second half of this year, since the change takes effect in January. “However, the Hong Kong IPO market will not be significantly impacted in terms of funds raised,” he adds.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":159160543,"gmtCreate":1624948831982,"gmtModify":1703848638104,"author":{"id":"3571366552189035","authorId":"3571366552189035","name":"tall_panda","avatar":"https://static.tigerbbs.com/66be38663e623770b428511ed0afc021","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159160543","repostId":1159327817,"repostType":4,"repost":{"id":"1159327817","pubTimestamp":1624947169,"share":"https://www.laohu8.com/m/news/1159327817?lang=&edition=full","pubTime":"2021-06-29 14:12","market":"hk","language":"en","title":"Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever","url":"https://stock-news.laohu8.com/highlight/detail?id=1159327817","media":"Fortune","summary":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing  to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.The blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.TikTok rival Kuaishou Technology, a short-video p","content":"<p>The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.</p>\n<p>The blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.</p>\n<p>TikTok rival Kuaishou Technology, a short-video platform, amassed $6.2 billion in its public debut on the HKEX in February. It was the world’s top-earning IPO in the first six months of 2021.</p>\n<p>JD Logistics, the technology-driven delivery arm of e-commerce empireJD.com, raised $3.6 billion in its May debut.</p>\n<p>Three secondary listings by Chinese firms also brought in large sums. In March, search engine giant Baidu netted $3.1 billion, while video platform Bilibili raised $3 billion that same month. Shanghai-based Trip.com, a travel booking platform, received $1.3 billion from investors in April.</p>\n<p>Four of the five firms made the list of top 10 IPOs worldwide in terms of funds raised for the first half of 2021.</p>\n<p><img src=\"https://static.tigerbbs.com/2450e9000b6cc09a084ce1ea12996dbf\" tg-width=\"705\" tg-height=\"632\" referrerpolicy=\"no-referrer\"></p>\n<p>The outsize presence of technology firms on the Hong Kong bourse is not surprising, as markets pivot to “new economy” firms—namely, innovative, tech-first companies, says Louis Lau, partner in the capital markets advisory group atKPMGChina.</p>\n<p>The trend in “homecoming listings”—or U.S.-listed Chinese companies that choose the HKEX for a secondary listing—that began in 2018 has also continued this year. The Hong Kong bourse is a natural choice for such listings, given domestic investors’ familiarity with Chinese companies’ brands and businesses, analysts say. Secondary listings in Hong Kong serve as a sort of backup option for U.S.-listed firms that are at risk of being booted from American exchanges should they violate U.S. audit review rules.</p>\n<p>Fourteen Chinese companies have opted for a secondary listing in Hong Kong since 2018. Baidu, Bilibili, Trip, and online car portal Autohome staged homecoming listings in the first six months of 2021 andraised a combined$8.1 billion—approximately 31% of the city’s IPO proceeds.</p>\n<p>“The ‘homecoming’ of U.S.-listed Chinese companies continues to lift the city’s capital markets…and [are] the hot trend of the Hong Kong IPO market. We expect this trend to continue,” says Lau.</p>\n<p>For the first half of this year, the HKEX ranked third worldwide in terms of funds raised, behind theNasdaqand New York Stock Exchange (NYSE), which raked in $46.4 billion and $28.3 billion, respectively. Funds raised in the global IPO market soared to $210 billion in the first six months of 2021, an increase of 66% compared with the same period last year.</p>\n<p><img src=\"https://static.tigerbbs.com/029bb7383e64abec244db35d4ac948ac\" tg-width=\"704\" tg-height=\"612\" referrerpolicy=\"no-referrer\"></p>\n<p>HKEX in May announced it will raise its profit requirements by 60% for listing applicants starting in January 2022. It’s the first increase in almost 30 years for the bourse, which made the change to “enhance market quality and investor protection,”HKEX said in a statement.</p>\n<p>Even with the higher profit threshold, the Hong Kong exchange will remain competitive, Lau says. The recent announcement may lead to a rush of IPO applications in the second half of this year, since the change takes effect in January. “However, the Hong Kong IPO market will not be significantly impacted in terms of funds raised,” he adds.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese tech IPOs fuel Hong Kong stock exchange’s best first half ever\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 14:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html><strong>Fortune</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02618":"京东物流","01024":"快手-W"},"source_url":"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159327817","content_text":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.\nThe blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.\nTikTok rival Kuaishou Technology, a short-video platform, amassed $6.2 billion in its public debut on the HKEX in February. It was the world’s top-earning IPO in the first six months of 2021.\nJD Logistics, the technology-driven delivery arm of e-commerce empireJD.com, raised $3.6 billion in its May debut.\nThree secondary listings by Chinese firms also brought in large sums. In March, search engine giant Baidu netted $3.1 billion, while video platform Bilibili raised $3 billion that same month. Shanghai-based Trip.com, a travel booking platform, received $1.3 billion from investors in April.\nFour of the five firms made the list of top 10 IPOs worldwide in terms of funds raised for the first half of 2021.\n\nThe outsize presence of technology firms on the Hong Kong bourse is not surprising, as markets pivot to “new economy” firms—namely, innovative, tech-first companies, says Louis Lau, partner in the capital markets advisory group atKPMGChina.\nThe trend in “homecoming listings”—or U.S.-listed Chinese companies that choose the HKEX for a secondary listing—that began in 2018 has also continued this year. The Hong Kong bourse is a natural choice for such listings, given domestic investors’ familiarity with Chinese companies’ brands and businesses, analysts say. Secondary listings in Hong Kong serve as a sort of backup option for U.S.-listed firms that are at risk of being booted from American exchanges should they violate U.S. audit review rules.\nFourteen Chinese companies have opted for a secondary listing in Hong Kong since 2018. Baidu, Bilibili, Trip, and online car portal Autohome staged homecoming listings in the first six months of 2021 andraised a combined$8.1 billion—approximately 31% of the city’s IPO proceeds.\n“The ‘homecoming’ of U.S.-listed Chinese companies continues to lift the city’s capital markets…and [are] the hot trend of the Hong Kong IPO market. We expect this trend to continue,” says Lau.\nFor the first half of this year, the HKEX ranked third worldwide in terms of funds raised, behind theNasdaqand New York Stock Exchange (NYSE), which raked in $46.4 billion and $28.3 billion, respectively. Funds raised in the global IPO market soared to $210 billion in the first six months of 2021, an increase of 66% compared with the same period last year.\n\nHKEX in May announced it will raise its profit requirements by 60% for listing applicants starting in January 2022. It’s the first increase in almost 30 years for the bourse, which made the change to “enhance market quality and investor protection,”HKEX said in a statement.\nEven with the higher profit threshold, the Hong Kong exchange will remain competitive, Lau says. The recent announcement may lead to a rush of IPO applications in the second half of this year, since the change takes effect in January. “However, the Hong Kong IPO market will not be significantly impacted in terms of funds raised,” he adds.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":159182167,"gmtCreate":1624948513159,"gmtModify":1703848631462,"author":{"id":"3581548481060535","authorId":"3581548481060535","name":"Butt3rc00ki3","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159182167","repostId":1159327817,"repostType":4,"repost":{"id":"1159327817","pubTimestamp":1624947169,"share":"https://www.laohu8.com/m/news/1159327817?lang=&edition=full","pubTime":"2021-06-29 14:12","market":"hk","language":"en","title":"Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever","url":"https://stock-news.laohu8.com/highlight/detail?id=1159327817","media":"Fortune","summary":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing  to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.The blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.TikTok rival Kuaishou Technology, a short-video p","content":"<p>The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.</p>\n<p>The blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.</p>\n<p>TikTok rival Kuaishou Technology, a short-video platform, amassed $6.2 billion in its public debut on the HKEX in February. It was the world’s top-earning IPO in the first six months of 2021.</p>\n<p>JD Logistics, the technology-driven delivery arm of e-commerce empireJD.com, raised $3.6 billion in its May debut.</p>\n<p>Three secondary listings by Chinese firms also brought in large sums. In March, search engine giant Baidu netted $3.1 billion, while video platform Bilibili raised $3 billion that same month. Shanghai-based Trip.com, a travel booking platform, received $1.3 billion from investors in April.</p>\n<p>Four of the five firms made the list of top 10 IPOs worldwide in terms of funds raised for the first half of 2021.</p>\n<p><img src=\"https://static.tigerbbs.com/2450e9000b6cc09a084ce1ea12996dbf\" tg-width=\"705\" tg-height=\"632\" referrerpolicy=\"no-referrer\"></p>\n<p>The outsize presence of technology firms on the Hong Kong bourse is not surprising, as markets pivot to “new economy” firms—namely, innovative, tech-first companies, says Louis Lau, partner in the capital markets advisory group atKPMGChina.</p>\n<p>The trend in “homecoming listings”—or U.S.-listed Chinese companies that choose the HKEX for a secondary listing—that began in 2018 has also continued this year. The Hong Kong bourse is a natural choice for such listings, given domestic investors’ familiarity with Chinese companies’ brands and businesses, analysts say. Secondary listings in Hong Kong serve as a sort of backup option for U.S.-listed firms that are at risk of being booted from American exchanges should they violate U.S. audit review rules.</p>\n<p>Fourteen Chinese companies have opted for a secondary listing in Hong Kong since 2018. Baidu, Bilibili, Trip, and online car portal Autohome staged homecoming listings in the first six months of 2021 andraised a combined$8.1 billion—approximately 31% of the city’s IPO proceeds.</p>\n<p>“The ‘homecoming’ of U.S.-listed Chinese companies continues to lift the city’s capital markets…and [are] the hot trend of the Hong Kong IPO market. We expect this trend to continue,” says Lau.</p>\n<p>For the first half of this year, the HKEX ranked third worldwide in terms of funds raised, behind theNasdaqand New York Stock Exchange (NYSE), which raked in $46.4 billion and $28.3 billion, respectively. Funds raised in the global IPO market soared to $210 billion in the first six months of 2021, an increase of 66% compared with the same period last year.</p>\n<p><img src=\"https://static.tigerbbs.com/029bb7383e64abec244db35d4ac948ac\" tg-width=\"704\" tg-height=\"612\" referrerpolicy=\"no-referrer\"></p>\n<p>HKEX in May announced it will raise its profit requirements by 60% for listing applicants starting in January 2022. It’s the first increase in almost 30 years for the bourse, which made the change to “enhance market quality and investor protection,”HKEX said in a statement.</p>\n<p>Even with the higher profit threshold, the Hong Kong exchange will remain competitive, Lau says. The recent announcement may lead to a rush of IPO applications in the second half of this year, since the change takes effect in January. “However, the Hong Kong IPO market will not be significantly impacted in terms of funds raised,” he adds.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese tech IPOs fuel Hong Kong stock exchange’s best first half ever\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 14:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html><strong>Fortune</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02618":"京东物流","01024":"快手-W"},"source_url":"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159327817","content_text":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.\nThe blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.\nTikTok rival Kuaishou Technology, a short-video platform, amassed $6.2 billion in its public debut on the HKEX in February. It was the world’s top-earning IPO in the first six months of 2021.\nJD Logistics, the technology-driven delivery arm of e-commerce empireJD.com, raised $3.6 billion in its May debut.\nThree secondary listings by Chinese firms also brought in large sums. In March, search engine giant Baidu netted $3.1 billion, while video platform Bilibili raised $3 billion that same month. Shanghai-based Trip.com, a travel booking platform, received $1.3 billion from investors in April.\nFour of the five firms made the list of top 10 IPOs worldwide in terms of funds raised for the first half of 2021.\n\nThe outsize presence of technology firms on the Hong Kong bourse is not surprising, as markets pivot to “new economy” firms—namely, innovative, tech-first companies, says Louis Lau, partner in the capital markets advisory group atKPMGChina.\nThe trend in “homecoming listings”—or U.S.-listed Chinese companies that choose the HKEX for a secondary listing—that began in 2018 has also continued this year. The Hong Kong bourse is a natural choice for such listings, given domestic investors’ familiarity with Chinese companies’ brands and businesses, analysts say. Secondary listings in Hong Kong serve as a sort of backup option for U.S.-listed firms that are at risk of being booted from American exchanges should they violate U.S. audit review rules.\nFourteen Chinese companies have opted for a secondary listing in Hong Kong since 2018. Baidu, Bilibili, Trip, and online car portal Autohome staged homecoming listings in the first six months of 2021 andraised a combined$8.1 billion—approximately 31% of the city’s IPO proceeds.\n“The ‘homecoming’ of U.S.-listed Chinese companies continues to lift the city’s capital markets…and [are] the hot trend of the Hong Kong IPO market. We expect this trend to continue,” says Lau.\nFor the first half of this year, the HKEX ranked third worldwide in terms of funds raised, behind theNasdaqand New York Stock Exchange (NYSE), which raked in $46.4 billion and $28.3 billion, respectively. Funds raised in the global IPO market soared to $210 billion in the first six months of 2021, an increase of 66% compared with the same period last year.\n\nHKEX in May announced it will raise its profit requirements by 60% for listing applicants starting in January 2022. It’s the first increase in almost 30 years for the bourse, which made the change to “enhance market quality and investor protection,”HKEX said in a statement.\nEven with the higher profit threshold, the Hong Kong exchange will remain competitive, Lau says. The recent announcement may lead to a rush of IPO applications in the second half of this year, since the change takes effect in January. “However, the Hong Kong IPO market will not be significantly impacted in terms of funds raised,” he adds.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":159181507,"gmtCreate":1624948313009,"gmtModify":1703848627421,"author":{"id":"3559167756156665","authorId":"3559167756156665","name":"AaronNg","avatar":"https://static.tigerbbs.com/0fbfb121556dc390305847fad3f4ced2","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":0},"htmlText":"Like and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159181507","repostId":1159327817,"repostType":4,"repost":{"id":"1159327817","pubTimestamp":1624947169,"share":"https://www.laohu8.com/m/news/1159327817?lang=&edition=full","pubTime":"2021-06-29 14:12","market":"hk","language":"en","title":"Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever","url":"https://stock-news.laohu8.com/highlight/detail?id=1159327817","media":"Fortune","summary":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing  to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.The blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.TikTok rival Kuaishou Technology, a short-video p","content":"<p>The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.</p>\n<p>The blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.</p>\n<p>TikTok rival Kuaishou Technology, a short-video platform, amassed $6.2 billion in its public debut on the HKEX in February. It was the world’s top-earning IPO in the first six months of 2021.</p>\n<p>JD Logistics, the technology-driven delivery arm of e-commerce empireJD.com, raised $3.6 billion in its May debut.</p>\n<p>Three secondary listings by Chinese firms also brought in large sums. In March, search engine giant Baidu netted $3.1 billion, while video platform Bilibili raised $3 billion that same month. Shanghai-based Trip.com, a travel booking platform, received $1.3 billion from investors in April.</p>\n<p>Four of the five firms made the list of top 10 IPOs worldwide in terms of funds raised for the first half of 2021.</p>\n<p><img src=\"https://static.tigerbbs.com/2450e9000b6cc09a084ce1ea12996dbf\" tg-width=\"705\" tg-height=\"632\" referrerpolicy=\"no-referrer\"></p>\n<p>The outsize presence of technology firms on the Hong Kong bourse is not surprising, as markets pivot to “new economy” firms—namely, innovative, tech-first companies, says Louis Lau, partner in the capital markets advisory group atKPMGChina.</p>\n<p>The trend in “homecoming listings”—or U.S.-listed Chinese companies that choose the HKEX for a secondary listing—that began in 2018 has also continued this year. The Hong Kong bourse is a natural choice for such listings, given domestic investors’ familiarity with Chinese companies’ brands and businesses, analysts say. Secondary listings in Hong Kong serve as a sort of backup option for U.S.-listed firms that are at risk of being booted from American exchanges should they violate U.S. audit review rules.</p>\n<p>Fourteen Chinese companies have opted for a secondary listing in Hong Kong since 2018. Baidu, Bilibili, Trip, and online car portal Autohome staged homecoming listings in the first six months of 2021 andraised a combined$8.1 billion—approximately 31% of the city’s IPO proceeds.</p>\n<p>“The ‘homecoming’ of U.S.-listed Chinese companies continues to lift the city’s capital markets…and [are] the hot trend of the Hong Kong IPO market. We expect this trend to continue,” says Lau.</p>\n<p>For the first half of this year, the HKEX ranked third worldwide in terms of funds raised, behind theNasdaqand New York Stock Exchange (NYSE), which raked in $46.4 billion and $28.3 billion, respectively. Funds raised in the global IPO market soared to $210 billion in the first six months of 2021, an increase of 66% compared with the same period last year.</p>\n<p><img src=\"https://static.tigerbbs.com/029bb7383e64abec244db35d4ac948ac\" tg-width=\"704\" tg-height=\"612\" referrerpolicy=\"no-referrer\"></p>\n<p>HKEX in May announced it will raise its profit requirements by 60% for listing applicants starting in January 2022. It’s the first increase in almost 30 years for the bourse, which made the change to “enhance market quality and investor protection,”HKEX said in a statement.</p>\n<p>Even with the higher profit threshold, the Hong Kong exchange will remain competitive, Lau says. The recent announcement may lead to a rush of IPO applications in the second half of this year, since the change takes effect in January. “However, the Hong Kong IPO market will not be significantly impacted in terms of funds raised,” he adds.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese tech IPOs fuel Hong Kong stock exchange’s best first half ever\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 14:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html><strong>Fortune</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02618":"京东物流","01024":"快手-W"},"source_url":"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159327817","content_text":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.\nThe blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.\nTikTok rival Kuaishou Technology, a short-video platform, amassed $6.2 billion in its public debut on the HKEX in February. It was the world’s top-earning IPO in the first six months of 2021.\nJD Logistics, the technology-driven delivery arm of e-commerce empireJD.com, raised $3.6 billion in its May debut.\nThree secondary listings by Chinese firms also brought in large sums. In March, search engine giant Baidu netted $3.1 billion, while video platform Bilibili raised $3 billion that same month. Shanghai-based Trip.com, a travel booking platform, received $1.3 billion from investors in April.\nFour of the five firms made the list of top 10 IPOs worldwide in terms of funds raised for the first half of 2021.\n\nThe outsize presence of technology firms on the Hong Kong bourse is not surprising, as markets pivot to “new economy” firms—namely, innovative, tech-first companies, says Louis Lau, partner in the capital markets advisory group atKPMGChina.\nThe trend in “homecoming listings”—or U.S.-listed Chinese companies that choose the HKEX for a secondary listing—that began in 2018 has also continued this year. The Hong Kong bourse is a natural choice for such listings, given domestic investors’ familiarity with Chinese companies’ brands and businesses, analysts say. Secondary listings in Hong Kong serve as a sort of backup option for U.S.-listed firms that are at risk of being booted from American exchanges should they violate U.S. audit review rules.\nFourteen Chinese companies have opted for a secondary listing in Hong Kong since 2018. Baidu, Bilibili, Trip, and online car portal Autohome staged homecoming listings in the first six months of 2021 andraised a combined$8.1 billion—approximately 31% of the city’s IPO proceeds.\n“The ‘homecoming’ of U.S.-listed Chinese companies continues to lift the city’s capital markets…and [are] the hot trend of the Hong Kong IPO market. We expect this trend to continue,” says Lau.\nFor the first half of this year, the HKEX ranked third worldwide in terms of funds raised, behind theNasdaqand New York Stock Exchange (NYSE), which raked in $46.4 billion and $28.3 billion, respectively. Funds raised in the global IPO market soared to $210 billion in the first six months of 2021, an increase of 66% compared with the same period last year.\n\nHKEX in May announced it will raise its profit requirements by 60% for listing applicants starting in January 2022. It’s the first increase in almost 30 years for the bourse, which made the change to “enhance market quality and investor protection,”HKEX said in a statement.\nEven with the higher profit threshold, the Hong Kong exchange will remain competitive, Lau says. The recent announcement may lead to a rush of IPO applications in the second half of this year, since the change takes effect in January. “However, the Hong Kong IPO market will not be significantly impacted in terms of funds raised,” he adds.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":159189496,"gmtCreate":1624948157515,"gmtModify":1703848624818,"author":{"id":"3574212256342028","authorId":"3574212256342028","name":"tradingnoob","avatar":"https://static.tigerbbs.com/0db67f1fb32bf605337189e4ba02a158","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Can these still moon???","listText":"Can these still moon???","text":"Can these still moon???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159189496","repostId":1159327817,"repostType":4,"repost":{"id":"1159327817","pubTimestamp":1624947169,"share":"https://www.laohu8.com/m/news/1159327817?lang=&edition=full","pubTime":"2021-06-29 14:12","market":"hk","language":"en","title":"Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever","url":"https://stock-news.laohu8.com/highlight/detail?id=1159327817","media":"Fortune","summary":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing  to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.The blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.TikTok rival Kuaishou Technology, a short-video p","content":"<p>The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.</p>\n<p>The blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.</p>\n<p>TikTok rival Kuaishou Technology, a short-video platform, amassed $6.2 billion in its public debut on the HKEX in February. It was the world’s top-earning IPO in the first six months of 2021.</p>\n<p>JD Logistics, the technology-driven delivery arm of e-commerce empireJD.com, raised $3.6 billion in its May debut.</p>\n<p>Three secondary listings by Chinese firms also brought in large sums. In March, search engine giant Baidu netted $3.1 billion, while video platform Bilibili raised $3 billion that same month. Shanghai-based Trip.com, a travel booking platform, received $1.3 billion from investors in April.</p>\n<p>Four of the five firms made the list of top 10 IPOs worldwide in terms of funds raised for the first half of 2021.</p>\n<p><img src=\"https://static.tigerbbs.com/2450e9000b6cc09a084ce1ea12996dbf\" tg-width=\"705\" tg-height=\"632\" referrerpolicy=\"no-referrer\"></p>\n<p>The outsize presence of technology firms on the Hong Kong bourse is not surprising, as markets pivot to “new economy” firms—namely, innovative, tech-first companies, says Louis Lau, partner in the capital markets advisory group atKPMGChina.</p>\n<p>The trend in “homecoming listings”—or U.S.-listed Chinese companies that choose the HKEX for a secondary listing—that began in 2018 has also continued this year. The Hong Kong bourse is a natural choice for such listings, given domestic investors’ familiarity with Chinese companies’ brands and businesses, analysts say. Secondary listings in Hong Kong serve as a sort of backup option for U.S.-listed firms that are at risk of being booted from American exchanges should they violate U.S. audit review rules.</p>\n<p>Fourteen Chinese companies have opted for a secondary listing in Hong Kong since 2018. Baidu, Bilibili, Trip, and online car portal Autohome staged homecoming listings in the first six months of 2021 andraised a combined$8.1 billion—approximately 31% of the city’s IPO proceeds.</p>\n<p>“The ‘homecoming’ of U.S.-listed Chinese companies continues to lift the city’s capital markets…and [are] the hot trend of the Hong Kong IPO market. We expect this trend to continue,” says Lau.</p>\n<p>For the first half of this year, the HKEX ranked third worldwide in terms of funds raised, behind theNasdaqand New York Stock Exchange (NYSE), which raked in $46.4 billion and $28.3 billion, respectively. Funds raised in the global IPO market soared to $210 billion in the first six months of 2021, an increase of 66% compared with the same period last year.</p>\n<p><img src=\"https://static.tigerbbs.com/029bb7383e64abec244db35d4ac948ac\" tg-width=\"704\" tg-height=\"612\" referrerpolicy=\"no-referrer\"></p>\n<p>HKEX in May announced it will raise its profit requirements by 60% for listing applicants starting in January 2022. It’s the first increase in almost 30 years for the bourse, which made the change to “enhance market quality and investor protection,”HKEX said in a statement.</p>\n<p>Even with the higher profit threshold, the Hong Kong exchange will remain competitive, Lau says. The recent announcement may lead to a rush of IPO applications in the second half of this year, since the change takes effect in January. “However, the Hong Kong IPO market will not be significantly impacted in terms of funds raised,” he adds.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese tech IPOs fuel Hong Kong stock exchange’s best first half ever\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 14:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html><strong>Fortune</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02618":"京东物流","01024":"快手-W"},"source_url":"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159327817","content_text":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.\nThe blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.\nTikTok rival Kuaishou Technology, a short-video platform, amassed $6.2 billion in its public debut on the HKEX in February. It was the world’s top-earning IPO in the first six months of 2021.\nJD Logistics, the technology-driven delivery arm of e-commerce empireJD.com, raised $3.6 billion in its May debut.\nThree secondary listings by Chinese firms also brought in large sums. In March, search engine giant Baidu netted $3.1 billion, while video platform Bilibili raised $3 billion that same month. Shanghai-based Trip.com, a travel booking platform, received $1.3 billion from investors in April.\nFour of the five firms made the list of top 10 IPOs worldwide in terms of funds raised for the first half of 2021.\n\nThe outsize presence of technology firms on the Hong Kong bourse is not surprising, as markets pivot to “new economy” firms—namely, innovative, tech-first companies, says Louis Lau, partner in the capital markets advisory group atKPMGChina.\nThe trend in “homecoming listings”—or U.S.-listed Chinese companies that choose the HKEX for a secondary listing—that began in 2018 has also continued this year. The Hong Kong bourse is a natural choice for such listings, given domestic investors’ familiarity with Chinese companies’ brands and businesses, analysts say. Secondary listings in Hong Kong serve as a sort of backup option for U.S.-listed firms that are at risk of being booted from American exchanges should they violate U.S. audit review rules.\nFourteen Chinese companies have opted for a secondary listing in Hong Kong since 2018. Baidu, Bilibili, Trip, and online car portal Autohome staged homecoming listings in the first six months of 2021 andraised a combined$8.1 billion—approximately 31% of the city’s IPO proceeds.\n“The ‘homecoming’ of U.S.-listed Chinese companies continues to lift the city’s capital markets…and [are] the hot trend of the Hong Kong IPO market. We expect this trend to continue,” says Lau.\nFor the first half of this year, the HKEX ranked third worldwide in terms of funds raised, behind theNasdaqand New York Stock Exchange (NYSE), which raked in $46.4 billion and $28.3 billion, respectively. Funds raised in the global IPO market soared to $210 billion in the first six months of 2021, an increase of 66% compared with the same period last year.\n\nHKEX in May announced it will raise its profit requirements by 60% for listing applicants starting in January 2022. It’s the first increase in almost 30 years for the bourse, which made the change to “enhance market quality and investor protection,”HKEX said in a statement.\nEven with the higher profit threshold, the Hong Kong exchange will remain competitive, Lau says. The recent announcement may lead to a rush of IPO applications in the second half of this year, since the change takes effect in January. “However, the Hong Kong IPO market will not be significantly impacted in terms of funds raised,” he adds.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":159117076,"gmtCreate":1624947921795,"gmtModify":1703848620125,"author":{"id":"3578015815185358","authorId":"3578015815185358","name":"edgewise","avatar":"https://static.tigerbbs.com/664c6f8be63b9573d7f1fa2cb5ba1021","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"What to buy?","listText":"What to buy?","text":"What to buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/159117076","repostId":1159327817,"repostType":4,"repost":{"id":"1159327817","pubTimestamp":1624947169,"share":"https://www.laohu8.com/m/news/1159327817?lang=&edition=full","pubTime":"2021-06-29 14:12","market":"hk","language":"en","title":"Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever","url":"https://stock-news.laohu8.com/highlight/detail?id=1159327817","media":"Fortune","summary":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing  to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.The blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.TikTok rival Kuaishou Technology, a short-video p","content":"<p>The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.</p>\n<p>The blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.</p>\n<p>TikTok rival Kuaishou Technology, a short-video platform, amassed $6.2 billion in its public debut on the HKEX in February. It was the world’s top-earning IPO in the first six months of 2021.</p>\n<p>JD Logistics, the technology-driven delivery arm of e-commerce empireJD.com, raised $3.6 billion in its May debut.</p>\n<p>Three secondary listings by Chinese firms also brought in large sums. In March, search engine giant Baidu netted $3.1 billion, while video platform Bilibili raised $3 billion that same month. Shanghai-based Trip.com, a travel booking platform, received $1.3 billion from investors in April.</p>\n<p>Four of the five firms made the list of top 10 IPOs worldwide in terms of funds raised for the first half of 2021.</p>\n<p><img src=\"https://static.tigerbbs.com/2450e9000b6cc09a084ce1ea12996dbf\" tg-width=\"705\" tg-height=\"632\" referrerpolicy=\"no-referrer\"></p>\n<p>The outsize presence of technology firms on the Hong Kong bourse is not surprising, as markets pivot to “new economy” firms—namely, innovative, tech-first companies, says Louis Lau, partner in the capital markets advisory group atKPMGChina.</p>\n<p>The trend in “homecoming listings”—or U.S.-listed Chinese companies that choose the HKEX for a secondary listing—that began in 2018 has also continued this year. The Hong Kong bourse is a natural choice for such listings, given domestic investors’ familiarity with Chinese companies’ brands and businesses, analysts say. Secondary listings in Hong Kong serve as a sort of backup option for U.S.-listed firms that are at risk of being booted from American exchanges should they violate U.S. audit review rules.</p>\n<p>Fourteen Chinese companies have opted for a secondary listing in Hong Kong since 2018. Baidu, Bilibili, Trip, and online car portal Autohome staged homecoming listings in the first six months of 2021 andraised a combined$8.1 billion—approximately 31% of the city’s IPO proceeds.</p>\n<p>“The ‘homecoming’ of U.S.-listed Chinese companies continues to lift the city’s capital markets…and [are] the hot trend of the Hong Kong IPO market. We expect this trend to continue,” says Lau.</p>\n<p>For the first half of this year, the HKEX ranked third worldwide in terms of funds raised, behind theNasdaqand New York Stock Exchange (NYSE), which raked in $46.4 billion and $28.3 billion, respectively. Funds raised in the global IPO market soared to $210 billion in the first six months of 2021, an increase of 66% compared with the same period last year.</p>\n<p><img src=\"https://static.tigerbbs.com/029bb7383e64abec244db35d4ac948ac\" tg-width=\"704\" tg-height=\"612\" referrerpolicy=\"no-referrer\"></p>\n<p>HKEX in May announced it will raise its profit requirements by 60% for listing applicants starting in January 2022. It’s the first increase in almost 30 years for the bourse, which made the change to “enhance market quality and investor protection,”HKEX said in a statement.</p>\n<p>Even with the higher profit threshold, the Hong Kong exchange will remain competitive, Lau says. The recent announcement may lead to a rush of IPO applications in the second half of this year, since the change takes effect in January. “However, the Hong Kong IPO market will not be significantly impacted in terms of funds raised,” he adds.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese tech IPOs fuel Hong Kong stock exchange’s best first half ever\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 14:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html><strong>Fortune</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02618":"京东物流","01024":"快手-W"},"source_url":"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159327817","content_text":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.\nThe blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.\nTikTok rival Kuaishou Technology, a short-video platform, amassed $6.2 billion in its public debut on the HKEX in February. It was the world’s top-earning IPO in the first six months of 2021.\nJD Logistics, the technology-driven delivery arm of e-commerce empireJD.com, raised $3.6 billion in its May debut.\nThree secondary listings by Chinese firms also brought in large sums. In March, search engine giant Baidu netted $3.1 billion, while video platform Bilibili raised $3 billion that same month. Shanghai-based Trip.com, a travel booking platform, received $1.3 billion from investors in April.\nFour of the five firms made the list of top 10 IPOs worldwide in terms of funds raised for the first half of 2021.\n\nThe outsize presence of technology firms on the Hong Kong bourse is not surprising, as markets pivot to “new economy” firms—namely, innovative, tech-first companies, says Louis Lau, partner in the capital markets advisory group atKPMGChina.\nThe trend in “homecoming listings”—or U.S.-listed Chinese companies that choose the HKEX for a secondary listing—that began in 2018 has also continued this year. The Hong Kong bourse is a natural choice for such listings, given domestic investors’ familiarity with Chinese companies’ brands and businesses, analysts say. Secondary listings in Hong Kong serve as a sort of backup option for U.S.-listed firms that are at risk of being booted from American exchanges should they violate U.S. audit review rules.\nFourteen Chinese companies have opted for a secondary listing in Hong Kong since 2018. Baidu, Bilibili, Trip, and online car portal Autohome staged homecoming listings in the first six months of 2021 andraised a combined$8.1 billion—approximately 31% of the city’s IPO proceeds.\n“The ‘homecoming’ of U.S.-listed Chinese companies continues to lift the city’s capital markets…and [are] the hot trend of the Hong Kong IPO market. We expect this trend to continue,” says Lau.\nFor the first half of this year, the HKEX ranked third worldwide in terms of funds raised, behind theNasdaqand New York Stock Exchange (NYSE), which raked in $46.4 billion and $28.3 billion, respectively. Funds raised in the global IPO market soared to $210 billion in the first six months of 2021, an increase of 66% compared with the same period last year.\n\nHKEX in May announced it will raise its profit requirements by 60% for listing applicants starting in January 2022. It’s the first increase in almost 30 years for the bourse, which made the change to “enhance market quality and investor protection,”HKEX said in a statement.\nEven with the higher profit threshold, the Hong Kong exchange will remain competitive, Lau says. The recent announcement may lead to a rush of IPO applications in the second half of this year, since the change takes effect in January. “However, the Hong Kong IPO market will not be significantly impacted in terms of funds raised,” he adds.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5065268,"gmtCreate":1624948205723,"gmtModify":1663230258437,"authorId":3574212256342028,"author":{"id":3574212256342028,"authorId":3574212256342028,"name":"tradingnoob","avatar":"https://static.tigerbbs.com/0db67f1fb32bf605337189e4ba02a158","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":159117076,"type":1,"supId":0,"prevId":0,"content":"buy those still able to moon!","text":"buy those still able to moon!","html":"buy those still able to moon!"}],"langContent":"EN"},{"id":159114997,"gmtCreate":1624947869819,"gmtModify":1703848618993,"author":{"id":"3577320821870719","authorId":"3577320821870719","name":"Wtm90","avatar":"https://static.tigerbbs.com/a2dd6d8a9df05326312ce417305e33cc","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Oh wow","listText":"Oh wow","text":"Oh wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/159114997","repostId":1159327817,"repostType":4,"repost":{"id":"1159327817","pubTimestamp":1624947169,"share":"https://www.laohu8.com/m/news/1159327817?lang=&edition=full","pubTime":"2021-06-29 14:12","market":"hk","language":"en","title":"Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever","url":"https://stock-news.laohu8.com/highlight/detail?id=1159327817","media":"Fortune","summary":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing  to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.The blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.TikTok rival Kuaishou Technology, a short-video p","content":"<p>The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.</p>\n<p>The blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.</p>\n<p>TikTok rival Kuaishou Technology, a short-video platform, amassed $6.2 billion in its public debut on the HKEX in February. It was the world’s top-earning IPO in the first six months of 2021.</p>\n<p>JD Logistics, the technology-driven delivery arm of e-commerce empireJD.com, raised $3.6 billion in its May debut.</p>\n<p>Three secondary listings by Chinese firms also brought in large sums. In March, search engine giant Baidu netted $3.1 billion, while video platform Bilibili raised $3 billion that same month. Shanghai-based Trip.com, a travel booking platform, received $1.3 billion from investors in April.</p>\n<p>Four of the five firms made the list of top 10 IPOs worldwide in terms of funds raised for the first half of 2021.</p>\n<p><img src=\"https://static.tigerbbs.com/2450e9000b6cc09a084ce1ea12996dbf\" tg-width=\"705\" tg-height=\"632\" referrerpolicy=\"no-referrer\"></p>\n<p>The outsize presence of technology firms on the Hong Kong bourse is not surprising, as markets pivot to “new economy” firms—namely, innovative, tech-first companies, says Louis Lau, partner in the capital markets advisory group atKPMGChina.</p>\n<p>The trend in “homecoming listings”—or U.S.-listed Chinese companies that choose the HKEX for a secondary listing—that began in 2018 has also continued this year. The Hong Kong bourse is a natural choice for such listings, given domestic investors’ familiarity with Chinese companies’ brands and businesses, analysts say. Secondary listings in Hong Kong serve as a sort of backup option for U.S.-listed firms that are at risk of being booted from American exchanges should they violate U.S. audit review rules.</p>\n<p>Fourteen Chinese companies have opted for a secondary listing in Hong Kong since 2018. Baidu, Bilibili, Trip, and online car portal Autohome staged homecoming listings in the first six months of 2021 andraised a combined$8.1 billion—approximately 31% of the city’s IPO proceeds.</p>\n<p>“The ‘homecoming’ of U.S.-listed Chinese companies continues to lift the city’s capital markets…and [are] the hot trend of the Hong Kong IPO market. We expect this trend to continue,” says Lau.</p>\n<p>For the first half of this year, the HKEX ranked third worldwide in terms of funds raised, behind theNasdaqand New York Stock Exchange (NYSE), which raked in $46.4 billion and $28.3 billion, respectively. Funds raised in the global IPO market soared to $210 billion in the first six months of 2021, an increase of 66% compared with the same period last year.</p>\n<p><img src=\"https://static.tigerbbs.com/029bb7383e64abec244db35d4ac948ac\" tg-width=\"704\" tg-height=\"612\" referrerpolicy=\"no-referrer\"></p>\n<p>HKEX in May announced it will raise its profit requirements by 60% for listing applicants starting in January 2022. It’s the first increase in almost 30 years for the bourse, which made the change to “enhance market quality and investor protection,”HKEX said in a statement.</p>\n<p>Even with the higher profit threshold, the Hong Kong exchange will remain competitive, Lau says. The recent announcement may lead to a rush of IPO applications in the second half of this year, since the change takes effect in January. “However, the Hong Kong IPO market will not be significantly impacted in terms of funds raised,” he adds.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese tech IPOs fuel Hong Kong stock exchange’s best first half ever\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 14:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html><strong>Fortune</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02618":"京东物流","01024":"快手-W"},"source_url":"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159327817","content_text":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.\nThe blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.\nTikTok rival Kuaishou Technology, a short-video platform, amassed $6.2 billion in its public debut on the HKEX in February. It was the world’s top-earning IPO in the first six months of 2021.\nJD Logistics, the technology-driven delivery arm of e-commerce empireJD.com, raised $3.6 billion in its May debut.\nThree secondary listings by Chinese firms also brought in large sums. In March, search engine giant Baidu netted $3.1 billion, while video platform Bilibili raised $3 billion that same month. Shanghai-based Trip.com, a travel booking platform, received $1.3 billion from investors in April.\nFour of the five firms made the list of top 10 IPOs worldwide in terms of funds raised for the first half of 2021.\n\nThe outsize presence of technology firms on the Hong Kong bourse is not surprising, as markets pivot to “new economy” firms—namely, innovative, tech-first companies, says Louis Lau, partner in the capital markets advisory group atKPMGChina.\nThe trend in “homecoming listings”—or U.S.-listed Chinese companies that choose the HKEX for a secondary listing—that began in 2018 has also continued this year. The Hong Kong bourse is a natural choice for such listings, given domestic investors’ familiarity with Chinese companies’ brands and businesses, analysts say. Secondary listings in Hong Kong serve as a sort of backup option for U.S.-listed firms that are at risk of being booted from American exchanges should they violate U.S. audit review rules.\nFourteen Chinese companies have opted for a secondary listing in Hong Kong since 2018. Baidu, Bilibili, Trip, and online car portal Autohome staged homecoming listings in the first six months of 2021 andraised a combined$8.1 billion—approximately 31% of the city’s IPO proceeds.\n“The ‘homecoming’ of U.S.-listed Chinese companies continues to lift the city’s capital markets…and [are] the hot trend of the Hong Kong IPO market. We expect this trend to continue,” says Lau.\nFor the first half of this year, the HKEX ranked third worldwide in terms of funds raised, behind theNasdaqand New York Stock Exchange (NYSE), which raked in $46.4 billion and $28.3 billion, respectively. Funds raised in the global IPO market soared to $210 billion in the first six months of 2021, an increase of 66% compared with the same period last year.\n\nHKEX in May announced it will raise its profit requirements by 60% for listing applicants starting in January 2022. It’s the first increase in almost 30 years for the bourse, which made the change to “enhance market quality and investor protection,”HKEX said in a statement.\nEven with the higher profit threshold, the Hong Kong exchange will remain competitive, Lau says. The recent announcement may lead to a rush of IPO applications in the second half of this year, since the change takes effect in January. “However, the Hong Kong IPO market will not be significantly impacted in terms of funds raised,” he adds.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5065221,"gmtCreate":1624947953760,"gmtModify":1663230257538,"authorId":3585541935596173,"author":{"id":3585541935596173,"authorId":3585541935596173,"name":"clamst","avatar":"https://static.tigerbbs.com/cf5fe2f49dda032a9e4837f83ed372bd","vip":1,"crmLevel":1,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":159114997,"type":1,"supId":0,"prevId":0,"content":"<u>Done</u>","text":"<u>Done</u>","html":"<u>Done</u>"}],"langContent":"EN"},{"id":159112789,"gmtCreate":1624947779341,"gmtModify":1703848616721,"author":{"id":"3585016169113806","authorId":"3585016169113806","name":"moneyfreedom","avatar":"https://static.tigerbbs.com/0d3d86db039526e68f0ef11b938e4ed9","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Meh","listText":"Meh","text":"Meh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159112789","repostId":1159327817,"repostType":4,"repost":{"id":"1159327817","pubTimestamp":1624947169,"share":"https://www.laohu8.com/m/news/1159327817?lang=&edition=full","pubTime":"2021-06-29 14:12","market":"hk","language":"en","title":"Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever","url":"https://stock-news.laohu8.com/highlight/detail?id=1159327817","media":"Fortune","summary":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing  to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.The blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.TikTok rival Kuaishou Technology, a short-video p","content":"<p>The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.</p>\n<p>The blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.</p>\n<p>TikTok rival Kuaishou Technology, a short-video platform, amassed $6.2 billion in its public debut on the HKEX in February. It was the world’s top-earning IPO in the first six months of 2021.</p>\n<p>JD Logistics, the technology-driven delivery arm of e-commerce empireJD.com, raised $3.6 billion in its May debut.</p>\n<p>Three secondary listings by Chinese firms also brought in large sums. In March, search engine giant Baidu netted $3.1 billion, while video platform Bilibili raised $3 billion that same month. Shanghai-based Trip.com, a travel booking platform, received $1.3 billion from investors in April.</p>\n<p>Four of the five firms made the list of top 10 IPOs worldwide in terms of funds raised for the first half of 2021.</p>\n<p><img src=\"https://static.tigerbbs.com/2450e9000b6cc09a084ce1ea12996dbf\" tg-width=\"705\" tg-height=\"632\" referrerpolicy=\"no-referrer\"></p>\n<p>The outsize presence of technology firms on the Hong Kong bourse is not surprising, as markets pivot to “new economy” firms—namely, innovative, tech-first companies, says Louis Lau, partner in the capital markets advisory group atKPMGChina.</p>\n<p>The trend in “homecoming listings”—or U.S.-listed Chinese companies that choose the HKEX for a secondary listing—that began in 2018 has also continued this year. The Hong Kong bourse is a natural choice for such listings, given domestic investors’ familiarity with Chinese companies’ brands and businesses, analysts say. Secondary listings in Hong Kong serve as a sort of backup option for U.S.-listed firms that are at risk of being booted from American exchanges should they violate U.S. audit review rules.</p>\n<p>Fourteen Chinese companies have opted for a secondary listing in Hong Kong since 2018. Baidu, Bilibili, Trip, and online car portal Autohome staged homecoming listings in the first six months of 2021 andraised a combined$8.1 billion—approximately 31% of the city’s IPO proceeds.</p>\n<p>“The ‘homecoming’ of U.S.-listed Chinese companies continues to lift the city’s capital markets…and [are] the hot trend of the Hong Kong IPO market. We expect this trend to continue,” says Lau.</p>\n<p>For the first half of this year, the HKEX ranked third worldwide in terms of funds raised, behind theNasdaqand New York Stock Exchange (NYSE), which raked in $46.4 billion and $28.3 billion, respectively. Funds raised in the global IPO market soared to $210 billion in the first six months of 2021, an increase of 66% compared with the same period last year.</p>\n<p><img src=\"https://static.tigerbbs.com/029bb7383e64abec244db35d4ac948ac\" tg-width=\"704\" tg-height=\"612\" referrerpolicy=\"no-referrer\"></p>\n<p>HKEX in May announced it will raise its profit requirements by 60% for listing applicants starting in January 2022. It’s the first increase in almost 30 years for the bourse, which made the change to “enhance market quality and investor protection,”HKEX said in a statement.</p>\n<p>Even with the higher profit threshold, the Hong Kong exchange will remain competitive, Lau says. The recent announcement may lead to a rush of IPO applications in the second half of this year, since the change takes effect in January. “However, the Hong Kong IPO market will not be significantly impacted in terms of funds raised,” he adds.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese tech IPOs fuel Hong Kong stock exchange’s best first half ever\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 14:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html><strong>Fortune</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02618":"京东物流","01024":"快手-W"},"source_url":"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159327817","content_text":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.\nThe blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.\nTikTok rival Kuaishou Technology, a short-video platform, amassed $6.2 billion in its public debut on the HKEX in February. It was the world’s top-earning IPO in the first six months of 2021.\nJD Logistics, the technology-driven delivery arm of e-commerce empireJD.com, raised $3.6 billion in its May debut.\nThree secondary listings by Chinese firms also brought in large sums. In March, search engine giant Baidu netted $3.1 billion, while video platform Bilibili raised $3 billion that same month. Shanghai-based Trip.com, a travel booking platform, received $1.3 billion from investors in April.\nFour of the five firms made the list of top 10 IPOs worldwide in terms of funds raised for the first half of 2021.\n\nThe outsize presence of technology firms on the Hong Kong bourse is not surprising, as markets pivot to “new economy” firms—namely, innovative, tech-first companies, says Louis Lau, partner in the capital markets advisory group atKPMGChina.\nThe trend in “homecoming listings”—or U.S.-listed Chinese companies that choose the HKEX for a secondary listing—that began in 2018 has also continued this year. The Hong Kong bourse is a natural choice for such listings, given domestic investors’ familiarity with Chinese companies’ brands and businesses, analysts say. Secondary listings in Hong Kong serve as a sort of backup option for U.S.-listed firms that are at risk of being booted from American exchanges should they violate U.S. audit review rules.\nFourteen Chinese companies have opted for a secondary listing in Hong Kong since 2018. Baidu, Bilibili, Trip, and online car portal Autohome staged homecoming listings in the first six months of 2021 andraised a combined$8.1 billion—approximately 31% of the city’s IPO proceeds.\n“The ‘homecoming’ of U.S.-listed Chinese companies continues to lift the city’s capital markets…and [are] the hot trend of the Hong Kong IPO market. We expect this trend to continue,” says Lau.\nFor the first half of this year, the HKEX ranked third worldwide in terms of funds raised, behind theNasdaqand New York Stock Exchange (NYSE), which raked in $46.4 billion and $28.3 billion, respectively. Funds raised in the global IPO market soared to $210 billion in the first six months of 2021, an increase of 66% compared with the same period last year.\n\nHKEX in May announced it will raise its profit requirements by 60% for listing applicants starting in January 2022. It’s the first increase in almost 30 years for the bourse, which made the change to “enhance market quality and investor protection,”HKEX said in a statement.\nEven with the higher profit threshold, the Hong Kong exchange will remain competitive, Lau says. The recent announcement may lead to a rush of IPO applications in the second half of this year, since the change takes effect in January. “However, the Hong Kong IPO market will not be significantly impacted in terms of funds raised,” he adds.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":159112983,"gmtCreate":1624947680442,"gmtModify":1703848615425,"author":{"id":"3571377458712056","authorId":"3571377458712056","name":"L8W","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/159112983","repostId":1159327817,"repostType":4,"repost":{"id":"1159327817","pubTimestamp":1624947169,"share":"https://www.laohu8.com/m/news/1159327817?lang=&edition=full","pubTime":"2021-06-29 14:12","market":"hk","language":"en","title":"Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever","url":"https://stock-news.laohu8.com/highlight/detail?id=1159327817","media":"Fortune","summary":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing  to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.The blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.TikTok rival Kuaishou Technology, a short-video p","content":"<p>The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.</p>\n<p>The blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.</p>\n<p>TikTok rival Kuaishou Technology, a short-video platform, amassed $6.2 billion in its public debut on the HKEX in February. It was the world’s top-earning IPO in the first six months of 2021.</p>\n<p>JD Logistics, the technology-driven delivery arm of e-commerce empireJD.com, raised $3.6 billion in its May debut.</p>\n<p>Three secondary listings by Chinese firms also brought in large sums. In March, search engine giant Baidu netted $3.1 billion, while video platform Bilibili raised $3 billion that same month. Shanghai-based Trip.com, a travel booking platform, received $1.3 billion from investors in April.</p>\n<p>Four of the five firms made the list of top 10 IPOs worldwide in terms of funds raised for the first half of 2021.</p>\n<p><img src=\"https://static.tigerbbs.com/2450e9000b6cc09a084ce1ea12996dbf\" tg-width=\"705\" tg-height=\"632\" referrerpolicy=\"no-referrer\"></p>\n<p>The outsize presence of technology firms on the Hong Kong bourse is not surprising, as markets pivot to “new economy” firms—namely, innovative, tech-first companies, says Louis Lau, partner in the capital markets advisory group atKPMGChina.</p>\n<p>The trend in “homecoming listings”—or U.S.-listed Chinese companies that choose the HKEX for a secondary listing—that began in 2018 has also continued this year. The Hong Kong bourse is a natural choice for such listings, given domestic investors’ familiarity with Chinese companies’ brands and businesses, analysts say. Secondary listings in Hong Kong serve as a sort of backup option for U.S.-listed firms that are at risk of being booted from American exchanges should they violate U.S. audit review rules.</p>\n<p>Fourteen Chinese companies have opted for a secondary listing in Hong Kong since 2018. Baidu, Bilibili, Trip, and online car portal Autohome staged homecoming listings in the first six months of 2021 andraised a combined$8.1 billion—approximately 31% of the city’s IPO proceeds.</p>\n<p>“The ‘homecoming’ of U.S.-listed Chinese companies continues to lift the city’s capital markets…and [are] the hot trend of the Hong Kong IPO market. We expect this trend to continue,” says Lau.</p>\n<p>For the first half of this year, the HKEX ranked third worldwide in terms of funds raised, behind theNasdaqand New York Stock Exchange (NYSE), which raked in $46.4 billion and $28.3 billion, respectively. Funds raised in the global IPO market soared to $210 billion in the first six months of 2021, an increase of 66% compared with the same period last year.</p>\n<p><img src=\"https://static.tigerbbs.com/029bb7383e64abec244db35d4ac948ac\" tg-width=\"704\" tg-height=\"612\" referrerpolicy=\"no-referrer\"></p>\n<p>HKEX in May announced it will raise its profit requirements by 60% for listing applicants starting in January 2022. It’s the first increase in almost 30 years for the bourse, which made the change to “enhance market quality and investor protection,”HKEX said in a statement.</p>\n<p>Even with the higher profit threshold, the Hong Kong exchange will remain competitive, Lau says. The recent announcement may lead to a rush of IPO applications in the second half of this year, since the change takes effect in January. “However, the Hong Kong IPO market will not be significantly impacted in terms of funds raised,” he adds.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese tech IPOs fuel Hong Kong stock exchange’s best first half ever\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 14:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html><strong>Fortune</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02618":"京东物流","01024":"快手-W"},"source_url":"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159327817","content_text":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.\nThe blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.\nTikTok rival Kuaishou Technology, a short-video platform, amassed $6.2 billion in its public debut on the HKEX in February. It was the world’s top-earning IPO in the first six months of 2021.\nJD Logistics, the technology-driven delivery arm of e-commerce empireJD.com, raised $3.6 billion in its May debut.\nThree secondary listings by Chinese firms also brought in large sums. In March, search engine giant Baidu netted $3.1 billion, while video platform Bilibili raised $3 billion that same month. Shanghai-based Trip.com, a travel booking platform, received $1.3 billion from investors in April.\nFour of the five firms made the list of top 10 IPOs worldwide in terms of funds raised for the first half of 2021.\n\nThe outsize presence of technology firms on the Hong Kong bourse is not surprising, as markets pivot to “new economy” firms—namely, innovative, tech-first companies, says Louis Lau, partner in the capital markets advisory group atKPMGChina.\nThe trend in “homecoming listings”—or U.S.-listed Chinese companies that choose the HKEX for a secondary listing—that began in 2018 has also continued this year. The Hong Kong bourse is a natural choice for such listings, given domestic investors’ familiarity with Chinese companies’ brands and businesses, analysts say. Secondary listings in Hong Kong serve as a sort of backup option for U.S.-listed firms that are at risk of being booted from American exchanges should they violate U.S. audit review rules.\nFourteen Chinese companies have opted for a secondary listing in Hong Kong since 2018. Baidu, Bilibili, Trip, and online car portal Autohome staged homecoming listings in the first six months of 2021 andraised a combined$8.1 billion—approximately 31% of the city’s IPO proceeds.\n“The ‘homecoming’ of U.S.-listed Chinese companies continues to lift the city’s capital markets…and [are] the hot trend of the Hong Kong IPO market. We expect this trend to continue,” says Lau.\nFor the first half of this year, the HKEX ranked third worldwide in terms of funds raised, behind theNasdaqand New York Stock Exchange (NYSE), which raked in $46.4 billion and $28.3 billion, respectively. Funds raised in the global IPO market soared to $210 billion in the first six months of 2021, an increase of 66% compared with the same period last year.\n\nHKEX in May announced it will raise its profit requirements by 60% for listing applicants starting in January 2022. It’s the first increase in almost 30 years for the bourse, which made the change to “enhance market quality and investor protection,”HKEX said in a statement.\nEven with the higher profit threshold, the Hong Kong exchange will remain competitive, Lau says. The recent announcement may lead to a rush of IPO applications in the second half of this year, since the change takes effect in January. “However, the Hong Kong IPO market will not be significantly impacted in terms of funds raised,” he adds.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5065194,"gmtCreate":1624947687057,"gmtModify":1663230261348,"authorId":3571377458712056,"author":{"id":3571377458712056,"authorId":3571377458712056,"name":"L8W","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":159112983,"type":1,"supId":0,"prevId":0,"content":"Wow","text":"Wow","html":"Wow"}],"langContent":"EN"},{"id":159116804,"gmtCreate":1624947631208,"gmtModify":1703848614930,"author":{"id":"3582842150686934","authorId":"3582842150686934","name":"StanGaming","avatar":"https://static.tigerbbs.com/41539c1619b6d77fcf04843f2a579fd9","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"pls like thanks","listText":"pls like thanks","text":"pls like thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/159116804","repostId":1159327817,"repostType":4,"repost":{"id":"1159327817","pubTimestamp":1624947169,"share":"https://www.laohu8.com/m/news/1159327817?lang=&edition=full","pubTime":"2021-06-29 14:12","market":"hk","language":"en","title":"Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever","url":"https://stock-news.laohu8.com/highlight/detail?id=1159327817","media":"Fortune","summary":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing  to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.The blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.TikTok rival Kuaishou Technology, a short-video p","content":"<p>The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.</p>\n<p>The blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.</p>\n<p>TikTok rival Kuaishou Technology, a short-video platform, amassed $6.2 billion in its public debut on the HKEX in February. It was the world’s top-earning IPO in the first six months of 2021.</p>\n<p>JD Logistics, the technology-driven delivery arm of e-commerce empireJD.com, raised $3.6 billion in its May debut.</p>\n<p>Three secondary listings by Chinese firms also brought in large sums. In March, search engine giant Baidu netted $3.1 billion, while video platform Bilibili raised $3 billion that same month. Shanghai-based Trip.com, a travel booking platform, received $1.3 billion from investors in April.</p>\n<p>Four of the five firms made the list of top 10 IPOs worldwide in terms of funds raised for the first half of 2021.</p>\n<p><img src=\"https://static.tigerbbs.com/2450e9000b6cc09a084ce1ea12996dbf\" tg-width=\"705\" tg-height=\"632\" referrerpolicy=\"no-referrer\"></p>\n<p>The outsize presence of technology firms on the Hong Kong bourse is not surprising, as markets pivot to “new economy” firms—namely, innovative, tech-first companies, says Louis Lau, partner in the capital markets advisory group atKPMGChina.</p>\n<p>The trend in “homecoming listings”—or U.S.-listed Chinese companies that choose the HKEX for a secondary listing—that began in 2018 has also continued this year. The Hong Kong bourse is a natural choice for such listings, given domestic investors’ familiarity with Chinese companies’ brands and businesses, analysts say. Secondary listings in Hong Kong serve as a sort of backup option for U.S.-listed firms that are at risk of being booted from American exchanges should they violate U.S. audit review rules.</p>\n<p>Fourteen Chinese companies have opted for a secondary listing in Hong Kong since 2018. Baidu, Bilibili, Trip, and online car portal Autohome staged homecoming listings in the first six months of 2021 andraised a combined$8.1 billion—approximately 31% of the city’s IPO proceeds.</p>\n<p>“The ‘homecoming’ of U.S.-listed Chinese companies continues to lift the city’s capital markets…and [are] the hot trend of the Hong Kong IPO market. We expect this trend to continue,” says Lau.</p>\n<p>For the first half of this year, the HKEX ranked third worldwide in terms of funds raised, behind theNasdaqand New York Stock Exchange (NYSE), which raked in $46.4 billion and $28.3 billion, respectively. Funds raised in the global IPO market soared to $210 billion in the first six months of 2021, an increase of 66% compared with the same period last year.</p>\n<p><img src=\"https://static.tigerbbs.com/029bb7383e64abec244db35d4ac948ac\" tg-width=\"704\" tg-height=\"612\" referrerpolicy=\"no-referrer\"></p>\n<p>HKEX in May announced it will raise its profit requirements by 60% for listing applicants starting in January 2022. It’s the first increase in almost 30 years for the bourse, which made the change to “enhance market quality and investor protection,”HKEX said in a statement.</p>\n<p>Even with the higher profit threshold, the Hong Kong exchange will remain competitive, Lau says. The recent announcement may lead to a rush of IPO applications in the second half of this year, since the change takes effect in January. “However, the Hong Kong IPO market will not be significantly impacted in terms of funds raised,” he adds.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese tech IPOs fuel Hong Kong stock exchange’s best first half ever\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 14:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html><strong>Fortune</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02618":"京东物流","01024":"快手-W"},"source_url":"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159327817","content_text":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.\nThe blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.\nTikTok rival Kuaishou Technology, a short-video platform, amassed $6.2 billion in its public debut on the HKEX in February. It was the world’s top-earning IPO in the first six months of 2021.\nJD Logistics, the technology-driven delivery arm of e-commerce empireJD.com, raised $3.6 billion in its May debut.\nThree secondary listings by Chinese firms also brought in large sums. In March, search engine giant Baidu netted $3.1 billion, while video platform Bilibili raised $3 billion that same month. Shanghai-based Trip.com, a travel booking platform, received $1.3 billion from investors in April.\nFour of the five firms made the list of top 10 IPOs worldwide in terms of funds raised for the first half of 2021.\n\nThe outsize presence of technology firms on the Hong Kong bourse is not surprising, as markets pivot to “new economy” firms—namely, innovative, tech-first companies, says Louis Lau, partner in the capital markets advisory group atKPMGChina.\nThe trend in “homecoming listings”—or U.S.-listed Chinese companies that choose the HKEX for a secondary listing—that began in 2018 has also continued this year. The Hong Kong bourse is a natural choice for such listings, given domestic investors’ familiarity with Chinese companies’ brands and businesses, analysts say. Secondary listings in Hong Kong serve as a sort of backup option for U.S.-listed firms that are at risk of being booted from American exchanges should they violate U.S. audit review rules.\nFourteen Chinese companies have opted for a secondary listing in Hong Kong since 2018. Baidu, Bilibili, Trip, and online car portal Autohome staged homecoming listings in the first six months of 2021 andraised a combined$8.1 billion—approximately 31% of the city’s IPO proceeds.\n“The ‘homecoming’ of U.S.-listed Chinese companies continues to lift the city’s capital markets…and [are] the hot trend of the Hong Kong IPO market. We expect this trend to continue,” says Lau.\nFor the first half of this year, the HKEX ranked third worldwide in terms of funds raised, behind theNasdaqand New York Stock Exchange (NYSE), which raked in $46.4 billion and $28.3 billion, respectively. Funds raised in the global IPO market soared to $210 billion in the first six months of 2021, an increase of 66% compared with the same period last year.\n\nHKEX in May announced it will raise its profit requirements by 60% for listing applicants starting in January 2022. It’s the first increase in almost 30 years for the bourse, which made the change to “enhance market quality and investor protection,”HKEX said in a statement.\nEven with the higher profit threshold, the Hong Kong exchange will remain competitive, Lau says. The recent announcement may lead to a rush of IPO applications in the second half of this year, since the change takes effect in January. “However, the Hong Kong IPO market will not be significantly impacted in terms of funds raised,” he adds.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5065281,"gmtCreate":1624948333135,"gmtModify":1663230263946,"authorId":3559167756156665,"author":{"id":3559167756156665,"authorId":3559167756156665,"name":"AaronNg","avatar":"https://static.tigerbbs.com/0fbfb121556dc390305847fad3f4ced2","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":159116804,"type":1,"supId":0,"prevId":0,"content":"Like and commwbt","text":"Like and commwbt","html":"Like and commwbt"},{"id":5065196,"gmtCreate":1624947703541,"gmtModify":1663230260625,"authorId":3585016169113806,"author":{"id":3585016169113806,"authorId":3585016169113806,"name":"moneyfreedom","avatar":"https://static.tigerbbs.com/0d3d86db039526e68f0ef11b938e4ed9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":159116804,"type":1,"supId":0,"prevId":0,"content":"<u>Wow</u>","text":"<u>Wow</u>","html":"<u>Wow</u>"}],"langContent":"EN"},{"id":159118423,"gmtCreate":1624947587762,"gmtModify":1703848614284,"author":{"id":"3573295662822598","authorId":"3573295662822598","name":"TSL1121","avatar":"https://static.tigerbbs.com/b7db19d94c5608f927773028279719d2","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"pls like and comment&nbsp;","listText":"pls like and comment&nbsp;","text":"pls like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/159118423","repostId":1159327817,"repostType":4,"repost":{"id":"1159327817","pubTimestamp":1624947169,"share":"https://www.laohu8.com/m/news/1159327817?lang=&edition=full","pubTime":"2021-06-29 14:12","market":"hk","language":"en","title":"Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever","url":"https://stock-news.laohu8.com/highlight/detail?id=1159327817","media":"Fortune","summary":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing  to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.The blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.TikTok rival Kuaishou Technology, a short-video p","content":"<p>The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.</p>\n<p>The blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.</p>\n<p>TikTok rival Kuaishou Technology, a short-video platform, amassed $6.2 billion in its public debut on the HKEX in February. It was the world’s top-earning IPO in the first six months of 2021.</p>\n<p>JD Logistics, the technology-driven delivery arm of e-commerce empireJD.com, raised $3.6 billion in its May debut.</p>\n<p>Three secondary listings by Chinese firms also brought in large sums. In March, search engine giant Baidu netted $3.1 billion, while video platform Bilibili raised $3 billion that same month. Shanghai-based Trip.com, a travel booking platform, received $1.3 billion from investors in April.</p>\n<p>Four of the five firms made the list of top 10 IPOs worldwide in terms of funds raised for the first half of 2021.</p>\n<p><img src=\"https://static.tigerbbs.com/2450e9000b6cc09a084ce1ea12996dbf\" tg-width=\"705\" tg-height=\"632\" referrerpolicy=\"no-referrer\"></p>\n<p>The outsize presence of technology firms on the Hong Kong bourse is not surprising, as markets pivot to “new economy” firms—namely, innovative, tech-first companies, says Louis Lau, partner in the capital markets advisory group atKPMGChina.</p>\n<p>The trend in “homecoming listings”—or U.S.-listed Chinese companies that choose the HKEX for a secondary listing—that began in 2018 has also continued this year. The Hong Kong bourse is a natural choice for such listings, given domestic investors’ familiarity with Chinese companies’ brands and businesses, analysts say. Secondary listings in Hong Kong serve as a sort of backup option for U.S.-listed firms that are at risk of being booted from American exchanges should they violate U.S. audit review rules.</p>\n<p>Fourteen Chinese companies have opted for a secondary listing in Hong Kong since 2018. Baidu, Bilibili, Trip, and online car portal Autohome staged homecoming listings in the first six months of 2021 andraised a combined$8.1 billion—approximately 31% of the city’s IPO proceeds.</p>\n<p>“The ‘homecoming’ of U.S.-listed Chinese companies continues to lift the city’s capital markets…and [are] the hot trend of the Hong Kong IPO market. We expect this trend to continue,” says Lau.</p>\n<p>For the first half of this year, the HKEX ranked third worldwide in terms of funds raised, behind theNasdaqand New York Stock Exchange (NYSE), which raked in $46.4 billion and $28.3 billion, respectively. Funds raised in the global IPO market soared to $210 billion in the first six months of 2021, an increase of 66% compared with the same period last year.</p>\n<p><img src=\"https://static.tigerbbs.com/029bb7383e64abec244db35d4ac948ac\" tg-width=\"704\" tg-height=\"612\" referrerpolicy=\"no-referrer\"></p>\n<p>HKEX in May announced it will raise its profit requirements by 60% for listing applicants starting in January 2022. It’s the first increase in almost 30 years for the bourse, which made the change to “enhance market quality and investor protection,”HKEX said in a statement.</p>\n<p>Even with the higher profit threshold, the Hong Kong exchange will remain competitive, Lau says. The recent announcement may lead to a rush of IPO applications in the second half of this year, since the change takes effect in January. “However, the Hong Kong IPO market will not be significantly impacted in terms of funds raised,” he adds.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese tech IPOs fuel Hong Kong stock exchange’s best first half ever\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 14:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html><strong>Fortune</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02618":"京东物流","01024":"快手-W"},"source_url":"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159327817","content_text":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.\nThe blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.\nTikTok rival Kuaishou Technology, a short-video platform, amassed $6.2 billion in its public debut on the HKEX in February. It was the world’s top-earning IPO in the first six months of 2021.\nJD Logistics, the technology-driven delivery arm of e-commerce empireJD.com, raised $3.6 billion in its May debut.\nThree secondary listings by Chinese firms also brought in large sums. In March, search engine giant Baidu netted $3.1 billion, while video platform Bilibili raised $3 billion that same month. Shanghai-based Trip.com, a travel booking platform, received $1.3 billion from investors in April.\nFour of the five firms made the list of top 10 IPOs worldwide in terms of funds raised for the first half of 2021.\n\nThe outsize presence of technology firms on the Hong Kong bourse is not surprising, as markets pivot to “new economy” firms—namely, innovative, tech-first companies, says Louis Lau, partner in the capital markets advisory group atKPMGChina.\nThe trend in “homecoming listings”—or U.S.-listed Chinese companies that choose the HKEX for a secondary listing—that began in 2018 has also continued this year. The Hong Kong bourse is a natural choice for such listings, given domestic investors’ familiarity with Chinese companies’ brands and businesses, analysts say. Secondary listings in Hong Kong serve as a sort of backup option for U.S.-listed firms that are at risk of being booted from American exchanges should they violate U.S. audit review rules.\nFourteen Chinese companies have opted for a secondary listing in Hong Kong since 2018. Baidu, Bilibili, Trip, and online car portal Autohome staged homecoming listings in the first six months of 2021 andraised a combined$8.1 billion—approximately 31% of the city’s IPO proceeds.\n“The ‘homecoming’ of U.S.-listed Chinese companies continues to lift the city’s capital markets…and [are] the hot trend of the Hong Kong IPO market. We expect this trend to continue,” says Lau.\nFor the first half of this year, the HKEX ranked third worldwide in terms of funds raised, behind theNasdaqand New York Stock Exchange (NYSE), which raked in $46.4 billion and $28.3 billion, respectively. Funds raised in the global IPO market soared to $210 billion in the first six months of 2021, an increase of 66% compared with the same period last year.\n\nHKEX in May announced it will raise its profit requirements by 60% for listing applicants starting in January 2022. It’s the first increase in almost 30 years for the bourse, which made the change to “enhance market quality and investor protection,”HKEX said in a statement.\nEven with the higher profit threshold, the Hong Kong exchange will remain competitive, Lau says. The recent announcement may lead to a rush of IPO applications in the second half of this year, since the change takes effect in January. “However, the Hong Kong IPO market will not be significantly impacted in terms of funds raised,” he adds.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5065285,"gmtCreate":1624948347410,"gmtModify":1663230264531,"authorId":3559167756156665,"author":{"id":3559167756156665,"authorId":3559167756156665,"name":"AaronNg","avatar":"https://static.tigerbbs.com/0fbfb121556dc390305847fad3f4ced2","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":159118423,"type":1,"supId":0,"prevId":0,"content":"Like and comment","text":"Like and comment","html":"Like and comment"}],"langContent":"EN"},{"id":159111624,"gmtCreate":1624947485268,"gmtModify":1703848612501,"author":{"id":"3560317116794073","authorId":"3560317116794073","name":"Sotong","avatar":"https://static.tigerbbs.com/4134f9028acb2ac5cdc398748f5e795a","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"like and comment l","listText":"like and comment l","text":"like and comment l","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/159111624","repostId":1159327817,"repostType":4,"repost":{"id":"1159327817","pubTimestamp":1624947169,"share":"https://www.laohu8.com/m/news/1159327817?lang=&edition=full","pubTime":"2021-06-29 14:12","market":"hk","language":"en","title":"Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever","url":"https://stock-news.laohu8.com/highlight/detail?id=1159327817","media":"Fortune","summary":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing  to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.The blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.TikTok rival Kuaishou Technology, a short-video p","content":"<p>The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.</p>\n<p>The blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.</p>\n<p>TikTok rival Kuaishou Technology, a short-video platform, amassed $6.2 billion in its public debut on the HKEX in February. It was the world’s top-earning IPO in the first six months of 2021.</p>\n<p>JD Logistics, the technology-driven delivery arm of e-commerce empireJD.com, raised $3.6 billion in its May debut.</p>\n<p>Three secondary listings by Chinese firms also brought in large sums. In March, search engine giant Baidu netted $3.1 billion, while video platform Bilibili raised $3 billion that same month. Shanghai-based Trip.com, a travel booking platform, received $1.3 billion from investors in April.</p>\n<p>Four of the five firms made the list of top 10 IPOs worldwide in terms of funds raised for the first half of 2021.</p>\n<p><img src=\"https://static.tigerbbs.com/2450e9000b6cc09a084ce1ea12996dbf\" tg-width=\"705\" tg-height=\"632\" referrerpolicy=\"no-referrer\"></p>\n<p>The outsize presence of technology firms on the Hong Kong bourse is not surprising, as markets pivot to “new economy” firms—namely, innovative, tech-first companies, says Louis Lau, partner in the capital markets advisory group atKPMGChina.</p>\n<p>The trend in “homecoming listings”—or U.S.-listed Chinese companies that choose the HKEX for a secondary listing—that began in 2018 has also continued this year. The Hong Kong bourse is a natural choice for such listings, given domestic investors’ familiarity with Chinese companies’ brands and businesses, analysts say. Secondary listings in Hong Kong serve as a sort of backup option for U.S.-listed firms that are at risk of being booted from American exchanges should they violate U.S. audit review rules.</p>\n<p>Fourteen Chinese companies have opted for a secondary listing in Hong Kong since 2018. Baidu, Bilibili, Trip, and online car portal Autohome staged homecoming listings in the first six months of 2021 andraised a combined$8.1 billion—approximately 31% of the city’s IPO proceeds.</p>\n<p>“The ‘homecoming’ of U.S.-listed Chinese companies continues to lift the city’s capital markets…and [are] the hot trend of the Hong Kong IPO market. We expect this trend to continue,” says Lau.</p>\n<p>For the first half of this year, the HKEX ranked third worldwide in terms of funds raised, behind theNasdaqand New York Stock Exchange (NYSE), which raked in $46.4 billion and $28.3 billion, respectively. Funds raised in the global IPO market soared to $210 billion in the first six months of 2021, an increase of 66% compared with the same period last year.</p>\n<p><img src=\"https://static.tigerbbs.com/029bb7383e64abec244db35d4ac948ac\" tg-width=\"704\" tg-height=\"612\" referrerpolicy=\"no-referrer\"></p>\n<p>HKEX in May announced it will raise its profit requirements by 60% for listing applicants starting in January 2022. It’s the first increase in almost 30 years for the bourse, which made the change to “enhance market quality and investor protection,”HKEX said in a statement.</p>\n<p>Even with the higher profit threshold, the Hong Kong exchange will remain competitive, Lau says. The recent announcement may lead to a rush of IPO applications in the second half of this year, since the change takes effect in January. “However, the Hong Kong IPO market will not be significantly impacted in terms of funds raised,” he adds.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese tech IPOs fuel Hong Kong stock exchange’s best first half ever\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 14:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html><strong>Fortune</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02618":"京东物流","01024":"快手-W"},"source_url":"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159327817","content_text":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.\nThe blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.\nTikTok rival Kuaishou Technology, a short-video platform, amassed $6.2 billion in its public debut on the HKEX in February. It was the world’s top-earning IPO in the first six months of 2021.\nJD Logistics, the technology-driven delivery arm of e-commerce empireJD.com, raised $3.6 billion in its May debut.\nThree secondary listings by Chinese firms also brought in large sums. In March, search engine giant Baidu netted $3.1 billion, while video platform Bilibili raised $3 billion that same month. Shanghai-based Trip.com, a travel booking platform, received $1.3 billion from investors in April.\nFour of the five firms made the list of top 10 IPOs worldwide in terms of funds raised for the first half of 2021.\n\nThe outsize presence of technology firms on the Hong Kong bourse is not surprising, as markets pivot to “new economy” firms—namely, innovative, tech-first companies, says Louis Lau, partner in the capital markets advisory group atKPMGChina.\nThe trend in “homecoming listings”—or U.S.-listed Chinese companies that choose the HKEX for a secondary listing—that began in 2018 has also continued this year. The Hong Kong bourse is a natural choice for such listings, given domestic investors’ familiarity with Chinese companies’ brands and businesses, analysts say. Secondary listings in Hong Kong serve as a sort of backup option for U.S.-listed firms that are at risk of being booted from American exchanges should they violate U.S. audit review rules.\nFourteen Chinese companies have opted for a secondary listing in Hong Kong since 2018. Baidu, Bilibili, Trip, and online car portal Autohome staged homecoming listings in the first six months of 2021 andraised a combined$8.1 billion—approximately 31% of the city’s IPO proceeds.\n“The ‘homecoming’ of U.S.-listed Chinese companies continues to lift the city’s capital markets…and [are] the hot trend of the Hong Kong IPO market. We expect this trend to continue,” says Lau.\nFor the first half of this year, the HKEX ranked third worldwide in terms of funds raised, behind theNasdaqand New York Stock Exchange (NYSE), which raked in $46.4 billion and $28.3 billion, respectively. Funds raised in the global IPO market soared to $210 billion in the first six months of 2021, an increase of 66% compared with the same period last year.\n\nHKEX in May announced it will raise its profit requirements by 60% for listing applicants starting in January 2022. It’s the first increase in almost 30 years for the bourse, which made the change to “enhance market quality and investor protection,”HKEX said in a statement.\nEven with the higher profit threshold, the Hong Kong exchange will remain competitive, Lau says. The recent announcement may lead to a rush of IPO applications in the second half of this year, since the change takes effect in January. “However, the Hong Kong IPO market will not be significantly impacted in terms of funds raised,” he adds.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5065172,"gmtCreate":1624947527061,"gmtModify":1663230257732,"authorId":3560317116794073,"author":{"id":3560317116794073,"authorId":3560317116794073,"name":"Sotong","avatar":"https://static.tigerbbs.com/4134f9028acb2ac5cdc398748f5e795a","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":159111624,"type":1,"supId":0,"prevId":0,"content":"reply back","text":"reply back","html":"reply back"}],"langContent":"EN"},{"id":159111322,"gmtCreate":1624947474066,"gmtModify":1703848611858,"author":{"id":"3572529600057361","authorId":"3572529600057361","name":"Ygh","avatar":"https://static.tigerbbs.com/09f51a5273fd07aa4765ea2a333521d1","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Pls like and comment&nbsp;","listText":"Pls like and comment&nbsp;","text":"Pls like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/159111322","repostId":1159327817,"repostType":4,"repost":{"id":"1159327817","pubTimestamp":1624947169,"share":"https://www.laohu8.com/m/news/1159327817?lang=&edition=full","pubTime":"2021-06-29 14:12","market":"hk","language":"en","title":"Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever","url":"https://stock-news.laohu8.com/highlight/detail?id=1159327817","media":"Fortune","summary":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing  to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.The blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.TikTok rival Kuaishou Technology, a short-video p","content":"<p>The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.</p>\n<p>The blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.</p>\n<p>TikTok rival Kuaishou Technology, a short-video platform, amassed $6.2 billion in its public debut on the HKEX in February. It was the world’s top-earning IPO in the first six months of 2021.</p>\n<p>JD Logistics, the technology-driven delivery arm of e-commerce empireJD.com, raised $3.6 billion in its May debut.</p>\n<p>Three secondary listings by Chinese firms also brought in large sums. In March, search engine giant Baidu netted $3.1 billion, while video platform Bilibili raised $3 billion that same month. Shanghai-based Trip.com, a travel booking platform, received $1.3 billion from investors in April.</p>\n<p>Four of the five firms made the list of top 10 IPOs worldwide in terms of funds raised for the first half of 2021.</p>\n<p><img src=\"https://static.tigerbbs.com/2450e9000b6cc09a084ce1ea12996dbf\" tg-width=\"705\" tg-height=\"632\" referrerpolicy=\"no-referrer\"></p>\n<p>The outsize presence of technology firms on the Hong Kong bourse is not surprising, as markets pivot to “new economy” firms—namely, innovative, tech-first companies, says Louis Lau, partner in the capital markets advisory group atKPMGChina.</p>\n<p>The trend in “homecoming listings”—or U.S.-listed Chinese companies that choose the HKEX for a secondary listing—that began in 2018 has also continued this year. The Hong Kong bourse is a natural choice for such listings, given domestic investors’ familiarity with Chinese companies’ brands and businesses, analysts say. Secondary listings in Hong Kong serve as a sort of backup option for U.S.-listed firms that are at risk of being booted from American exchanges should they violate U.S. audit review rules.</p>\n<p>Fourteen Chinese companies have opted for a secondary listing in Hong Kong since 2018. Baidu, Bilibili, Trip, and online car portal Autohome staged homecoming listings in the first six months of 2021 andraised a combined$8.1 billion—approximately 31% of the city’s IPO proceeds.</p>\n<p>“The ‘homecoming’ of U.S.-listed Chinese companies continues to lift the city’s capital markets…and [are] the hot trend of the Hong Kong IPO market. We expect this trend to continue,” says Lau.</p>\n<p>For the first half of this year, the HKEX ranked third worldwide in terms of funds raised, behind theNasdaqand New York Stock Exchange (NYSE), which raked in $46.4 billion and $28.3 billion, respectively. Funds raised in the global IPO market soared to $210 billion in the first six months of 2021, an increase of 66% compared with the same period last year.</p>\n<p><img src=\"https://static.tigerbbs.com/029bb7383e64abec244db35d4ac948ac\" tg-width=\"704\" tg-height=\"612\" referrerpolicy=\"no-referrer\"></p>\n<p>HKEX in May announced it will raise its profit requirements by 60% for listing applicants starting in January 2022. It’s the first increase in almost 30 years for the bourse, which made the change to “enhance market quality and investor protection,”HKEX said in a statement.</p>\n<p>Even with the higher profit threshold, the Hong Kong exchange will remain competitive, Lau says. The recent announcement may lead to a rush of IPO applications in the second half of this year, since the change takes effect in January. “However, the Hong Kong IPO market will not be significantly impacted in terms of funds raised,” he adds.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese tech IPOs fuel Hong Kong stock exchange’s best first half ever\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 14:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html><strong>Fortune</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02618":"京东物流","01024":"快手-W"},"source_url":"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159327817","content_text":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.\nThe blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.\nTikTok rival Kuaishou Technology, a short-video platform, amassed $6.2 billion in its public debut on the HKEX in February. It was the world’s top-earning IPO in the first six months of 2021.\nJD Logistics, the technology-driven delivery arm of e-commerce empireJD.com, raised $3.6 billion in its May debut.\nThree secondary listings by Chinese firms also brought in large sums. In March, search engine giant Baidu netted $3.1 billion, while video platform Bilibili raised $3 billion that same month. Shanghai-based Trip.com, a travel booking platform, received $1.3 billion from investors in April.\nFour of the five firms made the list of top 10 IPOs worldwide in terms of funds raised for the first half of 2021.\n\nThe outsize presence of technology firms on the Hong Kong bourse is not surprising, as markets pivot to “new economy” firms—namely, innovative, tech-first companies, says Louis Lau, partner in the capital markets advisory group atKPMGChina.\nThe trend in “homecoming listings”—or U.S.-listed Chinese companies that choose the HKEX for a secondary listing—that began in 2018 has also continued this year. The Hong Kong bourse is a natural choice for such listings, given domestic investors’ familiarity with Chinese companies’ brands and businesses, analysts say. Secondary listings in Hong Kong serve as a sort of backup option for U.S.-listed firms that are at risk of being booted from American exchanges should they violate U.S. audit review rules.\nFourteen Chinese companies have opted for a secondary listing in Hong Kong since 2018. Baidu, Bilibili, Trip, and online car portal Autohome staged homecoming listings in the first six months of 2021 andraised a combined$8.1 billion—approximately 31% of the city’s IPO proceeds.\n“The ‘homecoming’ of U.S.-listed Chinese companies continues to lift the city’s capital markets…and [are] the hot trend of the Hong Kong IPO market. We expect this trend to continue,” says Lau.\nFor the first half of this year, the HKEX ranked third worldwide in terms of funds raised, behind theNasdaqand New York Stock Exchange (NYSE), which raked in $46.4 billion and $28.3 billion, respectively. Funds raised in the global IPO market soared to $210 billion in the first six months of 2021, an increase of 66% compared with the same period last year.\n\nHKEX in May announced it will raise its profit requirements by 60% for listing applicants starting in January 2022. It’s the first increase in almost 30 years for the bourse, which made the change to “enhance market quality and investor protection,”HKEX said in a statement.\nEven with the higher profit threshold, the Hong Kong exchange will remain competitive, Lau says. The recent announcement may lead to a rush of IPO applications in the second half of this year, since the change takes effect in January. “However, the Hong Kong IPO market will not be significantly impacted in terms of funds raised,” he adds.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5065166,"gmtCreate":1624947503221,"gmtModify":1663230259826,"authorId":3573295662822598,"author":{"id":3573295662822598,"authorId":3573295662822598,"name":"TSL1121","avatar":"https://static.tigerbbs.com/b7db19d94c5608f927773028279719d2","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":159111322,"type":1,"supId":0,"prevId":0,"content":"<u>hi</u>","text":"<u>hi</u>","html":"<u>hi</u>"}],"langContent":"EN"},{"id":159111018,"gmtCreate":1624947471334,"gmtModify":1703848611534,"author":{"id":"3577396795196663","authorId":"3577396795196663","name":"yeyekai","avatar":"https://static.tigerbbs.com/a820f6ee66fdf7d6c39018137e4b2ddb","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Nice article here","listText":"Nice article here","text":"Nice article here","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159111018","repostId":1159327817,"repostType":4,"repost":{"id":"1159327817","pubTimestamp":1624947169,"share":"https://www.laohu8.com/m/news/1159327817?lang=&edition=full","pubTime":"2021-06-29 14:12","market":"hk","language":"en","title":"Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever","url":"https://stock-news.laohu8.com/highlight/detail?id=1159327817","media":"Fortune","summary":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing  to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.The blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.TikTok rival Kuaishou Technology, a short-video p","content":"<p>The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.</p>\n<p>The blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.</p>\n<p>TikTok rival Kuaishou Technology, a short-video platform, amassed $6.2 billion in its public debut on the HKEX in February. It was the world’s top-earning IPO in the first six months of 2021.</p>\n<p>JD Logistics, the technology-driven delivery arm of e-commerce empireJD.com, raised $3.6 billion in its May debut.</p>\n<p>Three secondary listings by Chinese firms also brought in large sums. In March, search engine giant Baidu netted $3.1 billion, while video platform Bilibili raised $3 billion that same month. Shanghai-based Trip.com, a travel booking platform, received $1.3 billion from investors in April.</p>\n<p>Four of the five firms made the list of top 10 IPOs worldwide in terms of funds raised for the first half of 2021.</p>\n<p><img src=\"https://static.tigerbbs.com/2450e9000b6cc09a084ce1ea12996dbf\" tg-width=\"705\" tg-height=\"632\" referrerpolicy=\"no-referrer\"></p>\n<p>The outsize presence of technology firms on the Hong Kong bourse is not surprising, as markets pivot to “new economy” firms—namely, innovative, tech-first companies, says Louis Lau, partner in the capital markets advisory group atKPMGChina.</p>\n<p>The trend in “homecoming listings”—or U.S.-listed Chinese companies that choose the HKEX for a secondary listing—that began in 2018 has also continued this year. The Hong Kong bourse is a natural choice for such listings, given domestic investors’ familiarity with Chinese companies’ brands and businesses, analysts say. Secondary listings in Hong Kong serve as a sort of backup option for U.S.-listed firms that are at risk of being booted from American exchanges should they violate U.S. audit review rules.</p>\n<p>Fourteen Chinese companies have opted for a secondary listing in Hong Kong since 2018. Baidu, Bilibili, Trip, and online car portal Autohome staged homecoming listings in the first six months of 2021 andraised a combined$8.1 billion—approximately 31% of the city’s IPO proceeds.</p>\n<p>“The ‘homecoming’ of U.S.-listed Chinese companies continues to lift the city’s capital markets…and [are] the hot trend of the Hong Kong IPO market. We expect this trend to continue,” says Lau.</p>\n<p>For the first half of this year, the HKEX ranked third worldwide in terms of funds raised, behind theNasdaqand New York Stock Exchange (NYSE), which raked in $46.4 billion and $28.3 billion, respectively. Funds raised in the global IPO market soared to $210 billion in the first six months of 2021, an increase of 66% compared with the same period last year.</p>\n<p><img src=\"https://static.tigerbbs.com/029bb7383e64abec244db35d4ac948ac\" tg-width=\"704\" tg-height=\"612\" referrerpolicy=\"no-referrer\"></p>\n<p>HKEX in May announced it will raise its profit requirements by 60% for listing applicants starting in January 2022. It’s the first increase in almost 30 years for the bourse, which made the change to “enhance market quality and investor protection,”HKEX said in a statement.</p>\n<p>Even with the higher profit threshold, the Hong Kong exchange will remain competitive, Lau says. The recent announcement may lead to a rush of IPO applications in the second half of this year, since the change takes effect in January. “However, the Hong Kong IPO market will not be significantly impacted in terms of funds raised,” he adds.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese tech IPOs fuel Hong Kong stock exchange’s best first half ever</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese tech IPOs fuel Hong Kong stock exchange’s best first half ever\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 14:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html><strong>Fortune</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from...</p>\n\n<a href=\"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02618":"京东物流","01024":"快手-W"},"source_url":"https://finance.yahoo.com/news/chinese-tech-ipos-fuel-hong-101236086.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159327817","content_text":"The initial public offerings of mainland Chinese technology firms propelled Hong Kong Exchanges and Clearing (HKEX) to its strongest-ever first half in terms of IPO proceeds, according tonew data from KPMG.\nThe blockbuster listings of five Chinese tech companies contributed two-thirds of the Hong Kong stock exchange’s IPO proceeds of $26 billion, a record high for the first six months of 2021 that represents a 54% increase from the same period last year.\nTikTok rival Kuaishou Technology, a short-video platform, amassed $6.2 billion in its public debut on the HKEX in February. It was the world’s top-earning IPO in the first six months of 2021.\nJD Logistics, the technology-driven delivery arm of e-commerce empireJD.com, raised $3.6 billion in its May debut.\nThree secondary listings by Chinese firms also brought in large sums. In March, search engine giant Baidu netted $3.1 billion, while video platform Bilibili raised $3 billion that same month. Shanghai-based Trip.com, a travel booking platform, received $1.3 billion from investors in April.\nFour of the five firms made the list of top 10 IPOs worldwide in terms of funds raised for the first half of 2021.\n\nThe outsize presence of technology firms on the Hong Kong bourse is not surprising, as markets pivot to “new economy” firms—namely, innovative, tech-first companies, says Louis Lau, partner in the capital markets advisory group atKPMGChina.\nThe trend in “homecoming listings”—or U.S.-listed Chinese companies that choose the HKEX for a secondary listing—that began in 2018 has also continued this year. The Hong Kong bourse is a natural choice for such listings, given domestic investors’ familiarity with Chinese companies’ brands and businesses, analysts say. Secondary listings in Hong Kong serve as a sort of backup option for U.S.-listed firms that are at risk of being booted from American exchanges should they violate U.S. audit review rules.\nFourteen Chinese companies have opted for a secondary listing in Hong Kong since 2018. Baidu, Bilibili, Trip, and online car portal Autohome staged homecoming listings in the first six months of 2021 andraised a combined$8.1 billion—approximately 31% of the city’s IPO proceeds.\n“The ‘homecoming’ of U.S.-listed Chinese companies continues to lift the city’s capital markets…and [are] the hot trend of the Hong Kong IPO market. We expect this trend to continue,” says Lau.\nFor the first half of this year, the HKEX ranked third worldwide in terms of funds raised, behind theNasdaqand New York Stock Exchange (NYSE), which raked in $46.4 billion and $28.3 billion, respectively. Funds raised in the global IPO market soared to $210 billion in the first six months of 2021, an increase of 66% compared with the same period last year.\n\nHKEX in May announced it will raise its profit requirements by 60% for listing applicants starting in January 2022. It’s the first increase in almost 30 years for the bourse, which made the change to “enhance market quality and investor protection,”HKEX said in a statement.\nEven with the higher profit threshold, the Hong Kong exchange will remain competitive, Lau says. The recent announcement may lead to a rush of IPO applications in the second half of this year, since the change takes effect in January. “However, the Hong Kong IPO market will not be significantly impacted in terms of funds raised,” he adds.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":36,"commentSize":16,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}