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【Financial Str. Release】China A-share IPO issuers raise over RMB180 bln fund during Jan.-May

June 02, 2021


Abstract : China's A-share market initial public offering (IPO) firms raised in total 183.2 billion yuan of capital in the first five months of this year, up 48 percent year on year, reported Xinhua-run Xinhua Finance Wednesday.

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BEIJING, June 2 (Xinhua) -- China's A-share market initial public offering (IPO) firms raised in total 183.2 billion yuan of capital in the first five months of this year, up 48 percent year on year, reported Xinhua-run Xinhua Finance Wednesday.

From January to May, A-share market IPO issuers numbered 204 ones in China, 1.6 times of the comparable data in the same period of 2020.

Except for February when China's 7–day long Spring Festival holiday was celebrated, there were about 40-50 firms making A-share IPOs each month.

Since the registration-based IPO reform on STAR Market and ChiNext market, China's A-share market played a better role in financing the real economy.

Statistics with Wind, a financial data provider in China showed that 45 securities brokers pocketed 9.39 billion yuan of IPO underwriting and sponsor fees from January to May, up 79.29 percent year on year.

Among them, Haitong Securities earned the highest 1.135 billion yuan from its IPO underwriting and sponsor business, followed by CITIC Securities and Huatai United Securities with 866 million yuan and 658 million yuan of IPO underwriting and sponsor fees.

In terms of the value of IPOs undertaken by them, large securities brokers boasted dominant advantages, with CITIC Securities, Haitong Securities, Orient Securities, China Securities and Huatai United Securities each underwriting IPOs valued more than 10 billion yuan from January to May.

Under such circumstances, China's securities watchdog reiterated responsibility and services quality of intermediaries to strengthen regulation and supervision. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)

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Keyword: IPO China A-share market Financial Str. Release

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