Next year, the millet Beauty Group will be listed in Hongkong to look forward to the upsurge of Chin

On December 29th, according to Reuters, Hongkong bankers are aiming at a large number of large IPO (initial public offerings) from Chinese technology companies in the next two years, and the total market capitalization of these companies may be around 500 billion dollars.
This is in sharp contrast to the situation in 2017. In the past year, Hongkong's equity financing was the worst record in ten years.
If everything is in line with the expectations of the bankers, then Hongkong will have a confrontation with New York. New York has always been a hot market destination for the world's hottest new economic companies, the biggest competitor for the world's IPO laurel in Hongkong.
Inspired by the tide of technology companies on the market in late 2017, companies such as millet and Lu Jin have joined in the list of billions of dollars to raise money in Hongkong next year.
Bankers estimate that millet is likely to be valued at $100 billion in IPO, and Lu Jin's latest round of financing is $18 billion 500 million.
"The industry's expectation is that in the next few years, the total market value of the potential listed companies in China's optical technology industry may exceed $500 billion." Tucker Highfield (Tucker Highfield), head of the equity capital market in the Asia Pacific region of Credit Suisse, points out.
Some companies will still choose to be listed in New York, because the region accepts a dual ownership structure, so it is attractive to many technology companies. The mission is expected to choose IPO in New York, or $3 billion for fund-raising.
However, as the largest equity financing center in the past ten years in the past four years, Hongkong wants to boost its attractiveness. This month, it announced plans to allow dual ownership structure to attract Chinese technology companies to come to the market.
Thomson Reuters data showed that Hongkong had a total of $32 billion 800 million in equity financing in 2017, a new low since the 2008 financial crisis during the global financial crisis.
In that amount, IPO accounted for 10 billion 900 million US dollars, only half of that in 2016. So in 2017, Hongkong ranked only fourth in the world, lagging behind the New York stock exchange, Shanghai stock exchange and India Mumbai national stock exchange.
Bankers and investors believe that in the first half of this year, the performance of Wall Street was strong, and all the standard indexes continued to refresh the record, attracting the attention of the media.
This year, Hongkong's Hang Seng Index rose 35%, the best performance since 2009. MSCI (Morgan Stanley Capital International), the world's most extensive Asia Pacific stock index MIAPJ0000PUS, has also risen by more than 32%.
Hongkong has also been affected by the timing of some of the giants, such as the Chinese tower, which is to raise a maximum of $10 billion. The world's largest telecom tower company is expected to be listed in 2017, but now it will wait until the beginning of 2018.
The optimism of the current IPO market is the listing of a series of popular technology stocks in the near future. Reading group in November, raising $1 billion 100 million, listed on the first day of soaring above 80% this year -- the largest global IPO on the first day or any large.
"There are a lot of companies ready to go on the market." Aaron Art (Aaron Arth), director of the financial sector in Asia outside of Goldman Sachs Japan, said.
"There are many large IPO that may enter the market, and these companies have strong business and support from the Chinese market." Att added.
This year, the total equity financing in the Asia Pacific region has decreased by 2% to 236 billion 300 million yuan compared to the previous year, the lowest since 2013, of which the extra financing of listed companies has dropped by 14%.
Morgan, Stanley, UBS and Goldman Sachs rank the top three in the list of equity financing transactions in the region. The underwriting amount is 13 billion 600 million, 12 billion 400 million and 12 billion 300 million, respectively. CITIC Securities and Citibank are divided into fourth and fifth place.