Home / World News / Chinese firms take record 50% of global equity raised in first half of 2020

Chinese firms take record 50% of global equity raised in first half of 2020

China-based companies sold shares worth $32.1 billion in January-June including multi-billion-dollar secondary listings in Hong Kong

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Companies considering a secondary Hong Kong listing include Yum China Holdings Inc and ZTO Express (Cayman) Inc , said two people with direct knowledge of the matter.

Scott Murdoch and Julie Zhu | Reuters Hong Kong

4 min read Last Updated : Jun 29 2020 | 9:57 AM IST

Firms in China brought in half of equity capital raised globally this year so far, setting a record that highlights the economy's earlier revival from the COVID-19 pandemic, plus the degree to which soured U.S. relations are turning Chinese firms homeward.

China-based companies sold shares worth $32.1 billion in January-June including multi-billion-dollar secondary listings in Hong Kong, equivalent to 49.8% of worldwide offerings, showed data from Refinitiv. The total for U.S. firms was $15.8 billion.

"With massive liquidity injections by various governments (supporting virus-hit economies), I'm not surprised by the size of Chinese capital raised this year - and the trend may

Topics : Coronavirus global equity share sales chinese companies

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