We welcome the new guidelines that encourage "hard technology" businesses to list on the market, as well as recent enhancements to its listing rules, which will provide greater support to emerging sectors," says Anthony Wu, China's A-Share Capital Market leader of the National Public Offering Group. "This trend could become a relisting wave as US-China trade and political tensions have escalated," they wrote. WebMost of these will come from small and medium-sized manufacturing and technology companies. The companysubsequently deniedhaving spoken to the media regarding its vaccine plans in Canada. Was being one of the first PD-1s in China important to you? Over the course of 2020, the Shanghai Stock Exchange combined with Shenzhen Stock Exchange are expected to see a 82 percent increase in terms of funds raised compared with 2019 recording a combined RMB 461.0 billion from 383 new listings. Given more than 400 companies were awaiting listing reviews at end-March 2020, and over 50 cases had the green light to list, Deloitte forecasts 140-170 new listings raising RMB180 billion-220 billion on the Main Board, SME Board and ChiNext by the end of 2020. Junshi Biosciences focuses on patient access and being innovation-driven. We have established a diversified R&D pipeline compromising 19 innovative candidate drugs and two biosimilars at all stages from early discovery to commercial with therapeutic areas covering cancer, metabolic diseases, autoimmune diseases, neurologic diseases, and infectious diseases. The global bond market also saw a significant widening of the credit spreads indicating weaker economic prospects. With this returning momentum, Hong Kong is now poised to return to the top three global IPO hubs this year. Please review our, Exchange Rates for RMB Equity Trading Support Facility (TSF), Exchange Rates for Stamp Duty Calculation, Securities exempt from Hong Kong stamp duty, https://www2.hkexnews.hk/new-listings/new-listing-information/main-board?sc_lang=en, https://www2.hkexnews.hk/New-Listings/New-Listing-Information/GEM?sc_lang=en, Issuer announcements of securities listed in this page may be searched on the. The attention to detail and continual updates were very much appreciated. 2020. They are returning home many of the customers here want to be their shareholders,"Charles Li, chief executive officer of Hong Kong Exchanges and Clearing, told CNBC on Wednesday. Bio-Thera Solutions, which raised $241 million in its IPO on Shanghais STAR market inFebruary, hopes to repeat its success with another listing this time in Hong Kong. HK100/RMB100. To receive future editions, sign up here. Hong Kongs strong performance in 2020 has been attributed to the launch of the Hang Seng Tech Index, the use of weighted voting rights (WVR) in giant tech companies and changes in market sentiment towards the US, which has driven more Chinese companies to seek a listing on the HKEX. It is time for the world to recognize Chinese biotech and biopharma companies. WebThrough designated branches or phone banking on (852) 2269 2121. The Guangzhou-based biotech has a pipeline of 24 drug assets, anchored by Qleti, the companys Humira biosimilar and first commercialized productapproved last year. (Maximum charge: HKD200/RMB200) HKD30/RMB30. Analysts have predicted that more U.S.-listed Chinese companies will flock back to Hong Kong as Sino-U.S. tensions rise. Please see About Deloitteto learn more about our global network of member firms. This is against 59 IPOs having raised HKD88.0 billion in 1H 2020 representing a 22% drop in the number of new listings and a 138% surge in proceeds. Jack Beanplant) is in essence a very hardy, virile, fast growing and adaptable climbing bean vine. 2008-2023 Hong Kong Exchanges and Clearing Limited. The message itself may only last a couple of months.
ZJLD (06979.HK) Intl. Thank you - can not recommend enough, Oh chris, the beans are amazing thank you so much and thanks for making it happen. - 2023 PwC. If the company is listed by way of introduction, or transferred to the Main Board from GEM, opening price on debut will be deemed as the Listing Price. On one hand, developments in the pandemic and its full impact on the global economy remain unknown, which could postpone the listing timetables of IPO companies. Quality of beans is perfect Yes, with pleasure! Review of the mainland China and Hong Kong IPO markets in 2020, and outlook for 2021. Whilst US and European bonds posted positive returns within the first quarter, there was negative impact felt toward the end of the quarter by the turbulence in the banking sector. Hong Kong SAR IPO activity remains muted in Q1 2023 as Chinese companies continue to opt for a listing in either Shanghai, Beijing or Shenzhen. More Chinese life science and pharmaceutical companies floated shares this Q1, whereas Q1 2019 was dominated by financial services institutions. Global equity markets kicked off strongly in 2023, supported by lower energy and oil prices, positive business sentiment indicators and Mainland China reopening. There's a "healthy" pipeline of Chinese companies listing in Hong Kong, and one key trend ahead will be more tech firms that will do so increasingly, business and government leaders in the city said Wednesday. Update. Outstanding service & a truly unique gift idea.. highly recommended! Antengenes other core asset is in-licensed selinexor,Karyopharm Therapeuticss XPO1 inhibitor marketed in the U.S. as Xpovio. Bio-Thera Solutions, which raised $241 million in its IPO on Shanghais STAR market in February, hopes to repeat its success with another listing this time in Hong Kong. If you're not 100% delighted, you get your money back. Just submit an enquiry on our custom orders page. Either way, Hong Kong's biggest IPO this year is a sign of whats to come. At the same time, reform of the STAR Market in Shanghai and ChiNext in Shenzhen boosted A-share IPO activity, even though major business and manufacturing operations across China were restricted from late January to early March. So far our clients have loved this year's Christmas gift. Proceeds from new listings in Hong Kong are expected to reach HKD356 billion from around 110 deals this year. Some of these cookies are essential for the basic functionality of our Website. Nearly 70% of funds came from six mega listings a majority of which were new economy companies with The US dropped to third place in terms of IPO proceeds raised this quarter as US and European markets remain quiet. It contributed nearly half of all deals and two-fifths of total IPO funds over the quarter. Q1 IPO volumes are typically lower than other quarters as companies with a December year end target an IPO after 31 March as results are finalised and audited. They were eager to take a real road of innovation and become a China-based multinational biopharmaceutical enterprise driven by innovation. Third, it endorses our R&D capabilities that we could make innovative drugs as quick and as well as the multinational companies. Stock exchanges in Greater China including Hong Kong, Shanghai and Shenzhen have raised a combined $123 billion through hundreds of new corporate The Middle Eastern IPO market continued to deliver landmark transactions, including a mega privatisation IPO. Global Top 100 companies by market capitalisation. Initial public offerings in the financial centre are in short supply, but a KKR The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Well just send you regular updates about our business. Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce today (Tuesday) that it will proceed to introduce a new platform, FINI (Fast Interface for New Issuance), to comprehensively streamline and digitalise U.S. private equity firm KKR owns a 16.2% stake in the company, which will fall to 13.8% after the IPO. And, finally, their hopes for treatment, Why fentanyl is deadlier than heroin, in a single, Why fentanyl is deadlier than heroin, in a single photo, Listen: Eric Landers resignation, FDAs about-face, & Pfizers lucrative, Listen: Eric Landers resignation, FDAs about-face, & Pfizers lucrative pandemic, FDAs top cancer regulator gives cool reception to drug, FDAs top cancer regulator gives cool reception to drug Lilly licensed from Chinese drugmaker, How Brigham Health helped create a Chinese hospital for, How Brigham Health helped create a Chinese hospital for elites and almost nobody came, STAT China: Big news at Simcere, and a breakthrough designation for Legend Biotech, STAT China: A debut for CanSino Biologics and Cellular BioMeds controversy. 4.If the company is listed by way of introduction, or transferred to the Main Board from GEM, opening price on debut will be deemed as the Listing Price. Happy Tuesday and welcome back to STAT China. HKEX meanwhile has seen a 24 percent increase in terms of funds raised raising a total of HKD 389.9 billion from the 140 IPOs expected to complete by year-end. They said that there had already been a "visible trend" of fewer Chinese firms listing in the U.S. after 2015. A centrally-located venue at the heart of Hong Kong financial hub, the HKEX Connect Hall is an iconic venue for Hong Kongs financial community. The worlds first-in-human anti-BTLA antibody for solid tumors was officially approved for drug clinical trials by the FDA and NMPA. Your beans are sent out on the day you order. The opinions expressed are her own.). Got a confidential news tip? Generally a quiet quarter for IPOs, the US and European IPO markets in Q1 were further impacted by the volatility in the banking sector leading to very limited activity. The CEO of Junshi Biosciences joins us for our latest newsmaker interview, and weve got lots of news from the IPO and vaccine front. Highly recommend! ZJLD, which specialises in popular Chinese spirit baijiu, is offering 490.7 million shares in a price range of HK$10.78 to HK$12.88 each. Founded just two years ago, Brii focuses on developing therapies for infectious diseases such as hepatitis B and HIV. Our specialists will get back to you within 24 hours. The information and contents contained in this website are based on the analyses and interpretations of publicly available information obtained from sources believed to be reliable. We promise we wont spam. These deals could give a boost to Hong Kong IPO volumes, which fell by more than two-thirds to $8.5 billion last year. That's a discount to Moutai's 29 times, per Refinitiv, but higher than one-time investor darlings Alibaba (9988.HK) and Tencent (0700.HK). Marketed in the U.S. after 2015 to $ 8.5 billion last year beans are sent out on day... Come from small and medium-sized manufacturing and technology companies China and Hong Kong as Sino-U.S. tensions.... 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