China has taken the first position in the world in terms of funds raised through IPOs. Chinese companies have raised five times more money than American ones this year. The increase in market activity was facilitated by the lifting of coronavirus restrictions and simplified listing on the stock exchanges.

China has become a leader in the global IPO market

In 2023, China overtook the United States in terms of funds raised by companies that had IPOs on local exchanges. This is reported by the Financial Times.

In total, Chinese companies have raised $19.5 billion this year through IPOs. At the same time, US-listed companies raised five times less: just $3.8 billion.

The newspaper attributed the increase in activity on the Chinese stock market to the lifting of coronavirus restrictions in China, which hampered economic growth, and a simplified listing procedure on the Shanghai and Shenzhen stock exchanges.

The US IPO market is not showing the best results due to the aggressive policy of the US Federal Reserve on the issue of raising the base rate, as well as high inflation and the risk of a recession economy, says the newspaper.

Author:

Kirill Bilyk

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.

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