2018-12-28 06:46:28 Source: Financial circle
Original title: 33 Chinese companies registered in the US this year, the highest in eight years
Financial Sector of US Stocks According to the UK "Financial Times" report, in 2018 on the New York Stock Exchange and Nasdaq, there were a total of 33 Chinese companies listed, but market weakness had affected the performance of these stocks.
Although the recent trading situation has threatened commodity movements across borders and disrupted financial markets, since 2010, the United States has become the best choice for Chinese companies to conduct initial public offerings (IPOs) abroad.
Among the 33 Chinese companies listed on the New York Stock Exchange and Nasdaq in 2018, including Tencent Music Entertainment, iQiyi video platform and Nio electric car manufacturer.
However, the total size of Chinese IPOs in the United States in 2018 was $ 9 billion, far lower than $ 29 billion in 2014, thanks to the $ 25 billion Chinese e-commerce giant Alibaba (BABA) IPO.
The number of IPOs of Chinese companies in the US is much higher than 17 in 2017, but a record high appears in 2010, with 39 companies completing their IPOs.
Daniel Delany, manager of CIBC Private Wealth Management, said: "Given the weak trading and market situation, the level of Chinese companies that issue new shares in the US is unusual."
"That means, in the long run, Chinese companies will benefit from US listings because more institutional shareholders approve and assessments increase."
However, the volume of active trading this year has not shown strong performance. The loss of the average investor who buys Chinese IPO shares in the US at the issue price is around 16%. In contrast, Shanghai and Shenzhen 300 indexes of companies listed in Shenzhen and Shanghai fell more than 20% from the same period last year, and the Hong Kong Hang Seng Index fell around 14%.
"In 2018, Chinese companies do not perform well on the US stock market. A single reason, in short, is a weak market. In addition, many of these stocks have limited free circulation and new shareholders. These two possibilities are possible. Selling pressure increase. "
The battle for companies registered in China is heating up. In 2018, the Hong Kong Stock Exchange changes its listing criteria, allows multiple-level shares (ie, "equal shares") and opens the door for biotech companies that have not yet generated income.
From a corporate governance perspective, this approach creates a shareholder structure that enables company founders to maintain corporate control through super voting rights when registered with technology companies and are highly sought after by the market.
The Hong Kong Stock Exchange is still the largest public company in China, with 76 shares. The China Tower has succeeded in becoming the biggest IPO in financing this year. The total IPO of the Hong Kong Stock Exchange in 2018 is around 31 billion US dollars, which is the year the most Chinese companies registered in Hong Kong since 2010.
The number of IPO companies in China has dropped from 411 last year to 94, and revenues have fallen to $ 18 billion.
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