Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Haikou Jiangdong New Area
News for Outlets

IPO financing, refinancing on China's A-share market tops RMB300 bln in Q1

April 03, 2020


Abstract : Financing via initial public offerings (IPO) and refinancing on China's A-share market exceeded 300 billion yuan in the first quarter despite the COVID-19 outbreak, reported Securities Times Thursday.

BEIJING, April 3 (Xinhua) -- Financing via initial public offerings (IPO) and refinancing on China's A-share market exceeded 300 billion yuan in the first quarter despite the COVID-19 outbreak, reported Securities Times Thursday.

In the first quarter, 41 companies filed IPO applications, and 39 companies were nodded by China Securities Regulatory Commission (CSRC).

Fund raised by the IPO of the new listings in China's A-share market hit 78.62 billion yuan.

For existing listed firms, their refinancing reached 222.44 billion yuan, including 153.97 billion yuan of follow-on offerings, 41.68 billion yuan by convertibles issuance, 7.74 billion yuan by preferred stock offerings and 19.06 billion yuan of rights issue.

Besides, the newspaper reported market hearsay that Chinese securities regulator would speed up approval of IPO and refinancing applications by firms from regions hit hard by the epidemic and firms engaged in epidemic prevention and control business to further boost the epidemic fight.

Liu Zhe, deputy director of think tank WANB Institute told the newspaper that CSRC's "window guidance" to securities brokers was emergency measure amid the epidemic period and was expected to benefit liquidity supplement and production resumption of the two types of enterprises.  (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: IPO refinancing

Reading:

Factbox: Chinese banking sector's growing support to COVID-19 battle

China approves three new IPO applications

China securities authority agrees one new IPO registration

Brembo and the Chinese Hixih Rubber are the new major shareholders of Pirelli

Hubei snack food makers shrug off small impact

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial