Lates News

Since the beginning of this year, the Hong Kong stock market's refinancing market has experienced explosive growth. According to data from the Hong Kong Stock Exchange, as of August 6, excluding stock-based issuances, more than 240 Hong Kong-listed companies have implemented refinancing, with a total amount of 183.9 billion Hong Kong dollars, which is 2.17 times the refinancing amount for the whole year of 2024. In terms of industry distribution, representative companies in the new economy sector, such as BYD, Xiaomi Group, and WuXi AppTec, are the main players in the rights issue financing. Sovereign funds, long-term funds, and well-known private equity investors are deeply involved on the funding side. This wave of rights issues led by the new economy sector and dominated by institutional capital not only reflects the market's recognition of high-quality companies but also demonstrates the unique advantages of the Hong Kong capital market. (Securities Times)