Happy Tuesday and welcome back to STAT China. The latter prompted President Donald Trump to announce thatHong Kong's preferential trading status with the U.S. will be revoked. As part of President Xi Jinping's campaign to achieve self-sufficiency in areas like semiconductors and artificial intelligence, authorities want to ban certain food and beverage, home appliances and education companies from equity financing on mainland stock exchanges, the Financial Times reported earlier this year. Tensions between Beijing and Washington have ramped up in recent months over a multitude of issues, from the origins of the coronavirus, to China's move to approve a national security law in Hong Kong. Live Love Bean saved the day by delivering the beans in record speed after another supplier provided last minute information that they were unable to deliver. Fearing that a new wave of Covid-19 will arrive in the fall and winter, Chinese health officials told state media last week that the government began expanding its emergency use program to stay ahead of the virus. The Guangzhou-based biotech has a pipeline of 24 drug assets, anchored by Qleti, the companys Humira biosimilar and first commercialized productapproved last year. The US dropped to third place in terms of IPO proceeds raised this quarter as US and European markets remain quiet. 2023 CNBC LLC. The Shanghai and Hong Kong bourses, which saw a surge in fundraising activity, were key drivers behind the 23 percent increase in proceeds raised in the global IPO market in 2020, despite continued challenges due to COVID-19. The debate around the impact of regulation on the choice and relative attractiveness of markets continues. Following a slow 2022 IPO market, Q1 2023 new issuance volume remained underwhelming. What better way to Nobody has more fun than our magic beans! Second, it makes us become a blockbuster, which help promote the companys branding and reputation among doctors, patients, talent, investors, and also the public. A Secondary listing company in Hong Kong has its name that ends with the marker S. Quality of beans is perfect What is one thing youd recommend someone do if theyre visiting Shanghai for the very first time? For toripalimab, regarding its broad-spectrum anticancer character, weve initiated over 30 clinical studies around the world, and some of the indications have never been challenged. In the US, six Chinese companies went public raising USD370 million in Q1 2020, versus six listings raising USD260 million in Q1 2019. Alibaba also found itself in similar crosshairs when regulators abruptly halted Ant Groups planned $37 billion IPO in Hong Kong and in Shanghai in late 2020. The attention to detail and continual updates were very much appreciated. Canadian vaccine trial falls through as CanSino shifts focus to other markets. 2017
The Hong Kong stock exchange's biotech board also played a starring role in 2020, according to Ringo Choi, Asia-Pacific IPO leader at consultancy Ernst & Young. "Although we believe the impact of the pandemic on the global capital market could be temporary, the performance of Hong Kong's IPO market might still be affected if the pandemic continues beyond the first half of the year. See the risers and the fallers, sector dynamics and how global landscape is changing. Hong Kong is likely lose two rungs in 2021 as New York and Shanghai bourses join Nasdaq at the pinnacle, according to KPMG estimates. On the other hand, quantitative easing, economic stimulus and relief measures introduced by different countries to confront challenges from the COVID-19 outbreak could stimulate the global capital market dramatically once the pandemic is dispelled. Join the best newsletter you never knew you needed. Quality and stock fundamentals will be front of mind for IPO investors. Hong Kong Exchanges and Clearing Ltd. hosted 46 new listings in the first half, in which HK$212 billion was raised in total, according to the bourse operator's Aug. 11 earnings release. Sovereign Group 2023, All rights reserved, Hong Kong ranks as 2nd largest IPO market in 2020, Opening a Hong Kong and offshore bank account, Company Secretary/Resident Agent Services, Property, Immigration and Relocation Services, Hong Kong to refine new foreign-sourced income exemption (FSIE) regime, Hong Kong opens process to implement OECD Multilateral Convention, Hong Kong sets out policies to attract enterprises, investment and talents, Hong Kong passes Bill for revised Foreign Source Income Exemption (FSIE) regime, Top Ten reasons for setting up a company in Hong Kong. WebListed IPO Performance; Listed IPO Performance Trade Securities Online IPO Stock Services. Our colleagues have strived so hard to keep our manufacturing, clinical studies, and commercial activities going in the midst of quarantine, transport blockages, and hospital shutdowns. 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. NetEase Games logo is seen above the company's booth one day before the 2019 China Digital Entertainment Expo & Conference (ChinaJoy) at Shanghai New International Expo Center on August 1, 2019 in Shanghai, China. Opinions expressed are those of the author. 2020. Or maybe there's a big event coming up. With investors bullish on the Chinese biotech sector, two more clinical-stage companies filed paperwork last week to list on the Hong Kong Stock Exchange. means "under-subscription" in which the number of applied shares is less than the number of shares issued for an initial public offering. "Netease just finished last week, and we have JD.com, we have a very healthy pipeline. The Shanghai market had 34 new listings raising RMB68.5 billion, while Shenzhen Stock Exchange raised RMB9.6 billion from 17 IPOs. HKCCCU Logos Academy -2014 - 2020. The Mainland market ended Q1 2020 with substantial year-on-year growth in deal volume and funds raised. Initial public offerings in the financial centre are in short supply, but a KKR Magic right! 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. Hong Kong's stock exchange was dealt a major blow last month when Ant Group's highly anticipated IPO was shelved. WebThrough designated branches or phone banking on (852) 2269 2121. Be it for a unique wedding gift, Christmas, Anniversary or Valentines present. Source: Phillip Securities (HK) Ltd. 3.% Chg.: (Grey Market Price - Listing Price) / Listing Price X 100%. Exclusive news, data and analytics for financial market professionals, Rome foot-dragging can help EU kick bad aid habits, How US and allies can find common ground on China, Chinas GDP beat looks a tad too reassuring. - Equity, Equity Warrants, Exchange Traded Funds, Leveraged and Inverse Products, SPAC shares, SPAC Warrants, Unit Trust/ Mutual Fund and Debt Securities, Newly Listed and/or Traded Securities in the CurrentTwo Weeks (including GEM and Trading Only Stocks), * Being the tentative date oflisting / traded. DTTL and each member firms are legally separate and independent entities. We are currently updating our cookie management system to facilitate this. 2023. We like nothing more than working with people to design beans that will bring a smile to their face on their big day, or for their special project. See Terms of Use for more information. Initial public offerings in the financial centre are in short supply, but a KKR-backed (KKR.N) Chinese liquor maker's up to $811 million listing will be the city's largest so far this year. U.S.-listed Chinese gaming giant Netease carried out its secondary listing in Hong Kong last week, while Chinese e-commerce firm JD.com is also set to start trading in a Hong Kong secondary listing on Thursday. Whatever inspiration, motivation or spiritual wisdom you're in need of, there's a bean with a message just for you. If you're not 100% delighted, you get your money back. 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. Their joints freeze in, Their tissue turns to bone. Mainland China accounted for 39% of global IPO proceeds in 2022, notably ahead of the US which accounted for just 13% of the total. 1.Quotation is at least 15 minutes delayed. Subscribe to STAT+ for less than $2 per day, Unlimited access to essential biotech, medicine, and life sciences journalism, Subscribe to STAT+ for less than $2 per day, Unlimited access to the health care news and insights you need, In a town plagued by an environmental crisis, a, In a town plagued by an environmental crisis, a local abortion debate consumes public attention, Their tissue turns to bone. Global Top 100 companies by market capitalisation. Fantastic prompt communication and very accommodating. On the follow-on equity issuance front, Q1 activity remained in line with historical averages, with issuers taking advantage of the more stable spells in equity prices. 2023KPMG Huazhen LLP,a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in Chinese Mainland, KPMG, a Macau (SAR) partnership, and KPMG, a Hong Kong (SAR) partnership, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. energy transition, commodity pricing), Elevated interest rates are making leverage transactions less compelling and the dearth of IPOs in the Western hemisphere over the past year are together leading to an increasing backlog of potential IPO candidates. Hong Kong was also the second-largest biotech IPO market in the world, and the largest in Asia, with 22 healthcare and life sciences companies listing on the HKEX, raising a total of HKD98.8 billion. Their joints freeze in place. ANT GROUP DECOUPLING. Nothing has been too much trouble at all when it came to our custom order. Robyn Mak joined Reuters Breakingviews in 2013. Some divisions of the Chinese government were not clear on whether the vaccine should go to global trials or how to handle it, and the time to do those trials has already passed, Yu told the Canadian news outlet. Asia-Pacific Q1 2023 IPO proceeds accounted for 66% ($17bn) of global IPO proceeds as issuance across the region remained strong. This Liked by Theodore Leung. Innovation is the core competence of an innovative company, meaning [inventing] things no one has achieved before. Sovereign would like to share news, relevant industry and legislation updates with you and contact you about the services we offer which may be of interest to you. You can, of course, unsubscribe at any time. Health Canada and the Tianjin-based vaccine maker first agreed to jointly develop CanSinos vaccine back in May, but shipments of the vaccine candidate had been held up by Chinese customs for weeks. Either way, Hong Kong's biggest IPO this year is a sign of whats to come. Handling fee per bonds / certificates of deposit (CDs) IPO application. Nine homecoming listings were completed in Hong Kong in 2022, comparable to nine in 2020 and eight in 2021. Yet compared to the $313 billion Shanghai-listed behemoth Kweichow Moutai (600519.SS), debutante ZJLD is a drop in the near-$100 billion baijiu industry: it logs less than 1% market share. Throughout the process they were very attentive to our requests and the final product was very high quality. 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. Together with flashing US recession warning signals, this could weigh on investor sentiment to equities and, in turn, equity issuance. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. I think my expertise could help accelerate its progress. Global equity markets kicked off strongly in 2023, supported by lower energy and oil prices, positive business sentiment indicators and Mainland China reopening. A Division of NBCUniversal. A Special Purpose Acquisition Company listed under Chapter 18B of the Listing Rules has its name that ends with marker Z. Although you'd have to chew your way through tons to make yourself really sick. By Monday, Hong Kong IPOs and secondary listings had raised a combined $22.5 billion, up 109% from a year ago, according to data provider Refinitiv. A Secondary listing company in Compared to the sobering new reality of slower growth and increased government oversight for China tech, alcohol makers, particularly smaller ones like ZJLD, have it easier. Increased risks to financial stability could lead to tightening credit conditions which may negatively impact growth in the developed economies. Technically, they're called Jack Beans (Canavalia Ensiformis). 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They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. Highly recommend! Before I joined Junshi, some scientists and board members of Junshi were already friends of mine for years, as we were all Chinese working in the pharmaceutical industry. 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. Our Standards: The Thomson Reuters Trust Principles. Eventually, it will grow into a full bean plant with lovely purple flowers. Product types include monoclonal antibodies, fusion proteins, antibody-drug conjugates, and small molecule drugs. Sometimes we all need a little inspiration. "If you look at Netease, even though it's just listed for a few days, the center of gravity of trading seems to be migrating very healthily into Hong Kong," he added. I recommend them to climb to the Oriental Pearl TV Tower to have a dinner and enjoy a bird-view of the night of Shanghai. One great way to do this is by giving out custom promotional items and gifts Promote your business, thank your customers, or get people talking at your next big event. In their raw uncooked form, they are mildy noxious to humans. In 2020, 35 Chinese firms went public in the US, raising USD13.77 billion. "Hong Kong's capital market has again demonstrated its ability to weather challenges while driving fundraising activity. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. The China-focused biotech is said to be working with investment banks on an IPO that could raise between $200 million and $400 million. 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 Live Love Bean. She has also worked as a researcher at the Carnegie Endowment for International Peace in Washington DC and interned at several consulting firms, including the Albright Stonebridge Group. Show someone how you really feel about them with a message that keeps on growing. As the bean sprouts, the message becomes part of the plant. This performance put the Hong Kong Exchanges and Clearing Limited (HKEX) in second place on the global IPO fund-raising list in 2020, behind only the NASDAQ with USD57.3 billion raised while the Shanghai stock exchange was in third place with USD49.42 billion raised. "The benefits of having the new STAR Market became more apparent in this exceptional period. Previously, she was a Research Associate for the Global Policy Programs at the Asia Society in New York where she focused on US-Iran relations, US-Myanmar relations and sustainability issues in Asia. By 31 December 2020, Hong Kong is expected to have seen about 145 new listings raising about HKD397.3 billion, against 164 IPOs raising HKD315.5 billion in 2019. However, there were no new listings in March 2020 as US markets hit circuit breakers. It is time for the world to recognize Chinese biotech and biopharma companies. Against a volatile market backdrop, the fears of the banking crisis and potential recession in the US ignited some of the biggest swings in the US Treasury market in years. Each set consists of 3 beans, that can be engraved with any message or image you like. Nearly 70% of funds came from six mega listings a majority of which were new economy companies with All rights reserved. Reporting from the frontiers of health and medicine, You've been selected! Hong Kong's secretary for financial services and the treasury, Hong Kong's security law is a 'step in the right direction,' says official, launched its secondary listing in Hong Kong, the 50-year-old Hang Seng index announced, Tensions between Beijing and Washington have ramped up. See here for a complete list of exchanges and delays. Apparel brands like Anta Sports (2020.HK) and Bosideng (3998.HK) have fared well. Property developer Sanxun Holdings Group Ltd (6611.HK) is the worst-performing new listing over the past 19 months, with its stock down 93% since its IPO in Please select headline category "Announcements and Notices > New Listings (Listed Issuers/New Applicants) > Allotment Results" to search for allotment results. Was being one of the first PD-1s in China important to you? Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. We have also collaborated with outstanding domestic and overseas innovative companies to develop novel combo therapies and next generation immunotherapies, aiming for better efficacy and precision. Because our beans speak Not only are magic beans unique enough to put a genuine look of surprise on the receiver's face, they also get even better day by day - as their message is slowly revealed. 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. State-owned drug makerSinopharmalso announced through its social media platform on WeChat that its vaccine candidate still in Phase 3 testing in several foreign countries is cleared for emergency use for high-risk personnel. Alibaba also found itself in similar crosshairs when regulators abruptly halted Ant Group's planned $37 billion IPO in Hong Kong and in Shanghai in late 2020. 5.%. One of the most anticipated Chinese IPOs of 2020 was that of Ant Group, the fintech unicorn founded by Alibaba cofounder and billionaire Jack Ma. Despite a tumbling market due to uncertainties around the COVID-19 outbreak and outlook for key economies, Hong Kong's deal volume matched its Q1 2019 level. Hong Kong welcomed 46 new listings in the first half of 2021, which raised HK$212 billion in total, or more than double the HK$92.8 billion in the prior-year period. We want to hear from you. Our staff have been watching the magic grow in their little pots - a little surprise for each of them. Please refer to the following sections for New Listing Information: # - Admitted to Central Clearing and Settlement System, H -Designated Securities eligible for shortselling. The result could be appetising. But most of the patients we served are cancer patients, so we must try our best to be of help. A total of 17 companies raised US$837 million via IPOs in the first quarter in Hong Kong, Refinitiv reported. The company said the money raised will go toward developing its core assets, including BAT4306F, an anti-CD20 therapy for treating B-cell non-Hodgkin lymphoma and other similar malignancies; BAT8001, an anti-HER2 antibody-drug conjugate for breast cancer; and BAT1706, an Avastin biosimilar expected to be approved next year andrecentlylicensed toBeiGenefor commercialization in China. In August 2020, Bloomberg News reported that SenseTime was considering an IPO in This represents a 12% drop in the number of new listings, but a 26% rise in IPO proceeds. Chinese liquor maker ZJLD will raise up to HK$6.37 billion ($811 million) in what will be Hong Kong's largest initial public offering in 2023, according to filings dated April 17. Our specialists will get back to you within 24 hours. Being one of the first means a lot to a startup biopharma company. The company is also seeking about $100 million from private investors in a pre-IPO round, sources told Bloomberg. The vaccine, which is jointly being developed with Chinas Academy of Military Science, has been approved for use by the countrys military sinceJune. "HK Exchange and Clearing looks well positioned to capture homecoming listings by US-listed China firms," they wrote. ZJLD could also be hit by corruption crackdowns and by policies from cash-strapped local governments - as Moutai has been. This week we talked to Li Ning, CEO of Junshi Biosciences. "Netease just finished last week, and we have JD.com, we have a very healthy pipeline. After around 4-6 weeks, your bean plant will be ready for transplanting to a new home (larger pot, garden). Why?
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