Hong Kong’s equity capital markets plummet 27% to US$37.6b in 2011

Morgan Stanley is the top bookrunner in Hong Kong, with total proceeds of US$7.2 b so far, increading its market share by 6%.

According to Thomson Reuters’ report, the financials sector’s total issuance dropped 44% to US$12.7b this year.

Here’s more from Thomson Retuers:

Hong Kong’s equity capital markets generated US$37.6 billion of proceeds so far this year from 225 deals, down 27% from the close of Q3 last year attributable to the global market conditions and several postponed offerings.

HONG KONG ECM BY ISSUE TYPE
IPOS: US $20.5 billion
FOLLOW-ONS: US$16.7 billion
CONVERTIBLES: US$504 million

This week’s CITIC Securities’ IPO marks the latest in the slew of equity raised from the Financials sector, registering total issuance of US$12.7 billion year to date from 47 deals, a decrease of 44% year-over-year.

Morgan Stanley is the Top Bookrunner for equity issues in Hong Kong, underwriting proceeds of US$7.2 billion so far, an increase in market share of 6% and unseating Goldman Sachs from last year’s top spot in Q3.

Chinese companies that typically dominate the HK equity market have showed signs of decline this quarter; China company IPOs in Hong Kong fell from US$16.3 billion in Q32010 to the current total US$8.0 billion.

Non-Chinese company IPOs issues in Hong Kong grew 120% to reach US$8.6 billion so far this year, as issuers seek comparative liquidity in Asia.

Follow the link for more news on

Also Read

New measures boost capital markets access between China and Hong Kong

About 60 partnerships sign for HK-Shenzhen I&T Park

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit