A few days ago, Deloitte China capital market service department released the review of the new share market in China and Hong Kong in 2021 and the outlook for 2022. It shows that the issuance speed of new shares in the A-share market will accelerate in 2021, and the number of new shares will increase significantly. It is expected that it will continue to grow in 2022, with outstanding performance of small and medium-sized manufacturing and technology enterprises. The overall growth rate of Hong Kong's new share market slowed down in 2021. The return of China concept shares and the listing of high growth enterprises in Hong Kong may become a highlight in 2022.
According to Deloitte's statistics, the total fund-raising of new shares in the A-share market in 2020 is 470 billion yuan. In 2021, the total fund-raising of new shares is expected to reach 536.7 billion yuan, with a year-on-year increase of 14%. It also includes 11 new shares listed on the Beijing stock exchange, with a financing amount of 1.75 billion yuan. In terms of industry, the fund-raising of manufacturing industry is more prominent, with a total fund-raising of 190.7 billion yuan, accounting for 35%, ranking first in all industries; The number of new shares in manufacturing industry also far exceeds that in other industries, accounting for 51%.
"There may be three reasons behind the active issuance of new shares in 2021. The reform of the registration system is good for the A-share market, the issuance speed of the science and innovation board and the gem has increased steadily, and the opening of the Beijing stock exchange has increased more vitality." Tong Chuanjiang, managing partner of A-share listing business of Deloitte China capital market service department, said, "In recent years, China's capital market has carried out a number of major and deepening reforms, which makes us optimistic about the prospects of the mainland new share market in 2022 and the next few years. The market expects that the full implementation of the new share issuance registration system will help create a more favorable environment for enterprises to raise funds more efficiently to support business development."
Looking forward to 2022, Deloitte expects that the A-share market will continue to grow with the support of the rising number of new shares on the science and innovation board, the gem and the Beijing stock exchange, most of which will come from small and medium-sized manufacturing and technology enterprises. Specifically, in 2022, there will be 170 to 200 new shares on the science and innovation board, raising RMB 210 billion to RMB 250 billion; There will be 210 to 240 new shares on the gem, raising 160 billion yuan to 180 billion yuan. Shanghai and Shenzhen mainboards are expected to have 120 to 150 new shares, and the financing amount is expected to be 200 billion yuan to 230 billion yuan.
In addition, Deloitte expects that about 120 new shares will be listed in Hong Kong market in 2022, raising about HK $330 billion. Ren Shaowen, managing partner of Deloitte China capital market service department's listing business in North China, said that at present, Hong Kong stocks have formed an ecosystem for cultivating innovative companies, and newly launched overseas issuer listing system and spac listing mechanism. It is expected that the Hong Kong stock market will attract more innovative companies to list in Hong Kong in 2022.
(economic information daily)
