The slowdown in China’s equity offerings may not be over just yet as the country’s economy remains in the doldrums and regulations for new listings become stricter.
New and additional share sales in mainland China and Hong Kong fell 43% from last year to $96.3 billion in 2023. The annual proceeds raised are set to the worst in a decade, Bloomberg data showed. That compares with a 51% increase in volume raised in the US and a 14% rise in Europe.
