Potential issuers may be wary of China's regulatory scrutiny, but Hong Kong's IPO pipeline remains strong, Nicolas Aguzin of HKEX said.
Hong Kong's pipeline for initial public offerings remains strong — though there is more caution at the moment, given China's increased regulatory scrutiny, the chief executive of Hong Kong Exchange and Clearing told CNBC.
"When you have volatility, it's usually a little less likely that people will want to rush into the market," Aguzin said. "But over the long term, right now, we're looking at the pipeline, there's over 200 companies … with their filings in the docket."Total funds raised came to $211.7 billion Hong Kong dollars from January to June this year — up 128% from the same period in 2020.
Stock Connect programs allow mainland investors to trade some stocks in Hong Kong, referred to as southbound securities. The program also allows foreign investors to trade some stocks listed in Shanghai and Shenzhen — referred to as northbound trade.
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