After a month and a half of silence, the Hong Kong market is welcoming new listings again. Has the enthusiasm for IPOs in Hong Kong stocks returned?

Excerpt

Drew Bernstein, co-founder and co-chairman of Marcum Asia, commented that the slow pace of 2023 listings on the Hong Kong Stock Exchange can be partly attributed to a new government review and approval process. Since March, all Chinese overseas listings have been subject to these requirements. A clear IPO approval process is a healthy development and should contribute to increased market confidence.

“In the long term, it is clear that Hong Kong’s IPO market will continue to provide a vital alternative to mainland companies that seek exposure to global investors with the convenience of a near-shore listing venue.” Bernstein said.

Hong Kong has traditionally served as a “window into China” for overseas investors, with a heavy representation of companies in sectors such as consumer goods and real estate. Many global investors continue to consider attractive valuations and whether consumer sentiment will turn more positive.

Click here to read full article as PDF >>