Year-ender: Chinese mainland companies listed in HK

chinadaily.com.cn | Updated: 2018-12-26 06:50

Thanks to the huge fundraising by three companies from Chinese mainland - China Tower, Xiaomi and Meituan-Dianping, Hong Kong has topped the list for global IPO volumes this year, said Deloitte China recently.

China Tower, Xiaomi, Meituan-Dianping, Ping An Healthcare and Technology and Jiangxi Bank ranked the top five in fundraising at Hong Kong's IPO market this year, with a total financing of HK$151.9 billion ($19.4 billion), up 157 percent compared with a year earlier.

Major reform of the city's listing regime, which welcomed dual-class share structure firms and pre-profit biotech companies, contributed to its stellar result this year. New economy companies, including those in technology, education, pharmaceutical and pre-revenue biotech, are likely to attract the greatest market attention in 2019, according to Deloitte.

Here are some representatives and their net proceeds from global IPOs.

Telecommunication, Media and Technology (TMT)

China Tower: HK$53.42 billion

Meituan Dianping: HK$32.56 billion

Xiaomi: HK$23.97 billion

Finger Tango: HK$1.26 billion

Tongcheng-Elong: HK$1.25 billion

Photos from the top are China's smartphone maker Xiaomi; Meituan Dianping, an online e-commerce platform for services; China Tower, the world's largest telecommunications tower operator; Finger Tango, a mobile game publisher; and Tongcheng-Elong, an online travel agency. [Photo combined by chinadaily.com.cn]
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