Hong Kong remains as busiest fundraising market in Asia

Source: Xinhua| 2019-06-28 22:56:39|Editor: Mu Xuequan
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HONG KONG, June 28 (Xinhua) -- With nearly 70-billion-Hong Kong dollar (about 9 billion U.S. dollars) fundraising in the first half of this year, Hong Kong remained as the busiest fundraising market in Asia.

A total of 84 companies were listed on the Hong Kong Exchanges and Clearing Limited (HKEX) in the first half of the year, raising 69.8 billion Hong Kong dollars, up 35.2 percent from a year ago, according to the HKEX data released Friday.

On Friday alone, six companies debut on the mainboard of the exchange, with half of them from the Chinese mainland.

The emerging industry was particularly attractive to investors as the funds raised by 17 new economy companies and three bio-tech firms accounted for about 40 percent of the total amount.

The HKEX adopted new listing rules last year to lower the threshold for new economy companies with different voting rights structures and unprofitable bio-tech firms, which gave new momentum to Hong Kong's capital market.