What should people know about Junshis pipeline and areas of focus? The latter prompted President Donald Trump to announce thatHong Kong's preferential trading status with the U.S. will be revoked. Increased risks to financial stability could lead to tightening credit conditions which may negatively impact growth in the developed economies. For more detail about the structure of the KPMG global organisation please visit https://kpmg.com/governance. By 31 December 2020, Hong Kong is expected to have seen about 145 new listings raising about HKD397.3 billion, against 164 IPOs raising HKD315.5 billion in 2019. The company hasrightsto develop and commercialize selinexor and three other novel compounds from Karyopharm in China and other Asia-Pacific markets. With investors bullish on the Chinese biotech sector, two more clinical-stage companies filed paperwork last week to list on the Hong Kong Stock Exchange. Being one of the first means a lot to a startup biopharma company. But before that, you had a long career with the FDA and Sanofi. Mainland China continues to dominate IPOs in Q1 2023 representing half of total IPO proceeds globally. Apparel brands like Anta Sports (2020.HK) and Bosideng (3998.HK) have fared well. With this returning momentum, Hong Kong is now poised to return to the top three global IPO hubs this year. Because our beans speak Not only are magic beans unique enough to put a genuine look of surprise on the receiver's face, they also get even better day by day - as their message is slowly revealed. Whether you're a marketing company, a school, want to resell our products, make your own, or become a stockist - we have wholesale pricing available. That's a discount to Moutai's 29 times, per Refinitiv, but higher than one-time investor darlings Alibaba (9988.HK) and Tencent (0700.HK). The Shanghai market had 34 new listings raising RMB68.5 billion, while Shenzhen Stock Exchange raised RMB9.6 billion from 17 IPOs. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Thats why we set up two innovation centers in the U.S., where our scientists could keep up with the latest trends in biotechnological innovation. See here for a complete list of exchanges and delays. The strong performance is backed by the continuing popularity of the STAR Market, which has contributed 47 percent of the funds raised in the A-share market during the year, driving the SSE to rank among the global top 3 exchanges in terms of total funds raised. fuelled by the 2017 "This trend could become a relisting wave as US-China trade and political tensions have escalated," they wrote. The beans looked amazing. In addition,new listings from life science, pharmaceutical, biotech and TMT companies are to continue to be the market spotlights. Opinions expressed are those of the author. Sources for HK IPO statistics: the Stock Exchange of Hong Kong, Deloitte estimates and analysis, and excludes GEM to MB transfers. The worlds first-in-human anti-BTLA antibody for solid tumors was officially approved for drug clinical trials by the FDA and NMPA. Chinese liquor maker ZJLD will raise up to HK$6.37 billion ($811 million) in what will be Hong Kong's largest initial public offering in 2023, according to filings dated April 17. The company is also seeking about $100 million from private investors in a pre-IPO round, sources told Bloomberg. Founded just two years ago, Brii focuses on developing therapies for infectious diseases such as hepatitis B and HIV. And as an innovative company in China, how important is it to stay at the forefront of drug R&D? Five IPOs raised $3.4bn in Q1, including $2.5bn raised by an Abu Dhabi based energy group in March 2023. Thank you! Hong Kong was also the second-largest biotech IPO market in the world, and the largest in Asia, with 22 healthcare and life sciences companies listing on the HKEX, raising a total of HKD98.8 billion. DTTL and each member firms are legally separate and independent entities. But, in the longer run, major reforms including the new Chinese Securities Law, a registration-based regime for ChiNext, the full circulation of H-shares, and consultation on corporate entities with weighted voting rights (WVRs) beneficiaries in Hong Kong, are set to make both capital markets more attractive for potential IPO candidates. 10 December 2020 Review of the mainland China and Hong Kong IPO markets in 2020, and outlook for 2021 Mainland China and Hong Kong stock exchanges (The author is a Reuters Breakingviews columnist. We initiated the JS016, anti-SARS-CoV-2 neutralizing antibody program in February, so our R&D and manufacturing teams have been working day and night to advance the program into clinical trials in the past four months. Alibaba also found itself in similar crosshairs when regulators abruptly halted Ant Group's planned $37 billion IPO in Hong Kong and in Shanghai in late 2020. Whilst there were 158 IPOs across Asia-Pacific in Q1 2023, proceeds raised were 51% lower than Q1 2022 when 175 IPOs raised $34bn. Super happy with the end product. Taken together, the number of IPOs in the Mainland China and Hong Kong accounted for 25% of the global total, according to Hong Kong is forecast to have about 120-130 IPOs in 2021 raising more than HKD400 billion. In 2020, 35 Chinese firms went public in the US, raising USD13.77 billion. What were those experiences like, how did the Junshi opportunity come up, and what ultimately led you to make the move? WebThe Asia-Pacific region dominated IPO issuance this quarter with; Indonesia, Japan, Hong Kong SAR and South Korea all securing their place in the the top 10. Hence, IPO activity could swiftly become even more active. Page No. On the other hand, quantitative easing, economic stimulus and relief measures introduced by different countries to confront challenges from the COVID-19 outbreak could stimulate the global capital market dramatically once the pandemic is dispelled. Q1 IPO proceeds in the Americas were $3.1bn from 44 IPOs, representing the lowest first quarter in over 5 years. Technically, yes (as long as they're cooked). We have been sending out our branded magic beans with our orders and the feedback has been great on our social media. As Mainland Chinas economy is likely to continue benefiting from its reopening, the downside risks largely sit within the developed world. Chinese liquor maker ZJLD will raise up to HK$6.37 billion ($811 million) in what will be Hong Kong's largest initial public offering in 2023, according to filings dated April 17. Product types include monoclonal antibodies, fusion proteins, antibody-drug conjugates, and small molecule drugs. "HK Exchange and Clearing looks well positioned to capture homecoming listings by US-listed China firms," they wrote. Our beans arrived swiftly and beautifully packaged. The perfect personalised gift for any occasion, a set of custom hand engraved magic beans is guaranteed to have the recipient's jaw drop to the floor. We used the beans as a conversation starter at our event and attendees loved them. Beijing is channelling funding onshore to strategic industries, and that will send more consumer companies to the Asian hub. energy transition, commodity pricing), Elevated interest rates are making leverage transactions less compelling and the dearth of IPOs in the Western hemisphere over the past year are together leading to an increasing backlog of potential IPO candidates. They were a highlight of our event and really added an innovative and unique edge to make it stand out from other corporate events. It is the worlds first new drug application of anti-PD-1 mAb for the treatment of recurrent/metastatic nasopharyngeal carcinoma. Junshi Biosciences focuses on patient access and being innovation-driven. We have established a diversified R&D pipeline compromising 19 innovative candidate drugs and two biosimilars at all stages from early discovery to commercial with therapeutic areas covering cancer, metabolic diseases, autoimmune diseases, neurologic diseases, and infectious diseases. WebAbout 120 new listings are expected to raise about US$42.3 billion in Hong Kong in 2022. Eventually, it will grow into a full bean plant with lovely purple flowers. Chris and the team were exceptionally responsive and helpful. That was more than twice the HK$92.8 billion raised in This represents a fall of about 31 percent from the HKD20.4 Wu suggests recent reforms to ChiNext and the STAR Market will spur IPO activity on both exchanges. Against a volatile market backdrop, the fears of the banking crisis and potential recession in the US ignited some of the biggest swings in the US Treasury market in years. Christopher Hui, Hong Kong's secretary for financial services and the treasury, told CNBC on Wednesday: "One of the key trends we have seen in Hong Kong in so far as our securities market is concerned, is that there's increasing number of new economy companies coming to list here," Hui said. The decisions in China on whether to send the vaccine to Canada were caught in the bureaucracy, said CanSinos chairman and CEO Xuefeng Yu, a Canadian national. This performance put the Hong Kong Exchanges and Clearing Limited (HKEX) in second place on the global IPO fund-raising list in 2020, behind only the NASDAQ with USD57.3 billion raised while the Shanghai stock exchange was in third place with USD49.42 billion raised. Baijiu, a potent colourless spirit, accounts for over two thirds of Chinas alcoholic beverage market - surpassing the roughly 50% share of wine in France and beer in the United States. Although you'd have to chew your way through tons to make yourself really sick. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account. They are returning home,"Charles Li, chief executive officer of Hong Kong Exchanges and Clearing, told CNBC on Wednesday. They are returning home many of the customers here want to be their shareholders,"Charles Li, chief executive officer of Hong Kong Exchanges and Clearing, told CNBC on Wednesday. Central banks' "higher for longer" stance on interest rates is a theme that will drive the bond market in the near future. The delay to the vaccine shipments comes at a time when bilateral relations between the two countries are strained over Canadas arrest of Huawei executive Meng Wanzhou, Beijings jailing of two Canadian nationals charged for spying, and the import ban on Canadian meat and canola. Most of the current SPAC merger activity originates from the massive cohort of SPACs that listed in 2021 as they reach the end of the life. So far our clients have loved this year's Christmas gift. All quotes delayed a minimum of 15 minutes. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. HK100/RMB100. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Getting the vaccine out to millions of people now, before clinical trials are complete, would broaden the base of knowledge about the drugs safety and effectiveness, said Pierre Morgon, senior vice president for international business at CanSino. This is part of an occasional series of brief Q&As with pharma newsmakers in China. The key for IPO candidates is to be ready to access the market when markets stabilise and re-open. All Rights Reserved. "Netease just finished last week, and we have JD.com, we have a very healthy pipeline. However, notwithstanding this and the recent low IPO volumes, the US market, which is by no measure a lesser regulated market, remains the top cross-border market of interest to potential issuers with 20 cross-border US IPOs in Q1, 13 of which originated from Mainland China. As of 31 March 2020, Hong Kong had recorded HKD14.1 billion in proceeds raised from 37 new listings. The CEO of Junshi Biosciences joins us for our latest newsmaker interview, and weve got lots of news from the IPO and vaccine front. Such analyses and information have not been independently verified and AASTOCKS.com Limited makes no guarantees to their accuracy, completeness, timeliness or correctness. SPACs that have completed their mergers have generally struggled to recover their deal valuation. Last month, the 50-year-old Hang Seng index announced that it will for the first time allow companies with primary listings overseas to be included in the benchmark index. A Special Purpose Acquisition Company listed under Chapter 18B of the Listing Rules has its name that ends with marker Z. From this year onwards, Junshi Biosciences collaborated with Chinese science institutions to co-develop JS016, Chinas first neutralizing human monoclonal antibodies against SARS-CoV-2, which has entered clinical trial, as our continuous innovation efforts for disease control and prevention in China and beyond. Their joints freeze in, Their tissue turns to bone. Absolutely! Honors & Awards Masters List 2021-2022 #IPO and listing on the Hong Kong Stock Exchange. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 2023. HONG KONG, April 17 (Reuters Breakingviews) - Hong Kong could use a shot of something. A Division of NBCUniversal. Unless specified otherwise, all statistics are updated with our estimates and analysis as at 31 March 2020. These deals could give a boost to Hong Kong IPO volumes, which fell by more than two-thirds to $8.5 billion last year. IPO activity in the Oil and Gas sector remains buoyant due to favourable commodity prices and the privations of businesses in this sector from the Middle East. The increase in fundraising is mainly attributable to homecoming listings, amounting to approximately 34 percent of the funds raised, which is benefiting the citys financial industry and the capital market. Over the course of 2020, the Shanghai Stock Exchange combined with Shenzhen Stock Exchange are expected to see a 82 percent increase in terms of funds raised compared with 2019 recording a combined RMB 461.0 billion from 383 new listings. They were eager to take a real road of innovation and become a China-based multinational biopharmaceutical enterprise driven by innovation. Proceeds from new listings in Hong Kong are expected to reach HKD356 billion from around 110 deals this year. In the long term, equities remain an attractive asset class, but in light of recession concerns, investors will need to find a balance between equities that entail a greater risk , but with potential greater returns, and generally lower-risk assets such as bonds. Generally a quiet quarter for IPOs, the US and European IPO markets in Q1 were further impacted by the volatility in the banking sector leading to very limited activity. What better way to Nobody has more fun than our magic beans! Technically, they're called Jack Beans (Canavalia Ensiformis). HKEX had a very good year, said Charles Li Xiaojia, former HKEX Chief Executive. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 1.Quotation is at least 15 minutes delayed. A centrally-located venue at the heart of Hong Kong financial hub, the HKEX Connect Hall is an iconic venue for Hong Kongs financial community. At the same time, reform of the STAR Market in Shanghai and ChiNext in Shenzhen boosted A-share IPO activity, even though major business and manufacturing operations across China were restricted from late January to early March. Offering Oversubscribed: Report, ZJLD (06979.HK) HK IPO today, Entry Fee $2,622, MEDSCI (02415.HK) HK IPO Today, Entry Fee $2,566, LUFAX (06623.HK) Lists on HKEx by Introduction from Today. NEW LISTINGS - ANNOUNCEMENTS, PROSPECTUSES & ALLOTMENT RESULTS. Now is not the time to fall out of love with M&A. Sovereign Group 2023, All rights reserved, Hong Kong ranks as 2nd largest IPO market in 2020, Opening a Hong Kong and offshore bank account, Company Secretary/Resident Agent Services, Property, Immigration and Relocation Services, Hong Kong to refine new foreign-sourced income exemption (FSIE) regime, Hong Kong opens process to implement OECD Multilateral Convention, Hong Kong sets out policies to attract enterprises, investment and talents, Hong Kong passes Bill for revised Foreign Source Income Exemption (FSIE) regime, Top Ten reasons for setting up a company in Hong Kong. A Secondary listing company in The track record has been patchy, though. All rights reserved. The message itself may only last a couple of months. The Chinese Mainland and Hong Kong initial public offering (IPO) markets continued to thrive in Q1 2020 despite the coronavirus disease 2019 (COVID-19) pandemic, according to a report released by Deloitte China's National Public Offering Group today. There were two notable IPOs in the Utility & Energy sector this quarter: An electricity and thermal power generation and distribution Services Company from Mainland China raised $1.0bn; and, A geothermal energy Company from Indonesia raised $0.6bn. We would highly recommend using Live Love Bean for your next gift. You expressly agree that the use of this app/website is at your sole risk. Last Update: 2023-04-18 16:09. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Surprisingly, given market sentiment towards the sector, technology IPOs were most prevalent in the first quarter of 2023, More than 50% of IPOs in this sector were in Mainland China with just one sizable transaction in the US, IPOs in the energy and utilities sectors were rife, as would be expected given sector dynamics (e.g. The UK fails to make the top 10 list once more as the UK IPO market remains closed for yet another quarter. Led by ex-Celgeneexecutive Jay Mei, the cancer drug developer is looking to raise about $200 million, according toan IFR report. A magic bean plant (a.k.a. Hong Kong welcomed 46 new listings in the first half of 2021, which raised HK$212 billion in total, or more than double the HK$92.8 billion in the prior-year period. Nine homecoming listings were completed in Hong Kong in 2022, comparable to nine in 2020 and eight in 2021. Fearing that a new wave of Covid-19 will arrive in the fall and winter, Chinese health officials told state media last week that the government began expanding its emergency use program to stay ahead of the virus. We welcome the new guidelines that encourage "hard technology" businesses to list on the market, as well as recent enhancements to its listing rules, which will provide greater support to emerging sectors," says Anthony Wu, China's A-Share Capital Market leader of the National Public Offering Group. At the top of the range, ZJLD would be valued at $5.4 billion. Got a confidential news tip? Our Standards: The Thomson Reuters Trust Principles. The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organisation. Your beans are sent out on the day you order. HKEX meanwhile has seen a 24 percent increase in terms of funds raised raising a total of HKD 389.9 billion from the 140 IPOs expected to complete by year-end. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. As part of President Xi Jinping's campaign to achieve self-sufficiency in areas like semiconductors and artificial intelligence, authorities want to ban certain food and beverage, home appliances and education companies from equity financing on mainland stock exchanges, the Financial Times reported earlier this year. The Asia-Pacific region dominated IPO issuance this quarter with; Indonesia, Japan, Hong Kong SAR and South Korea all securing their place in the the top 10. Chinese e-commerce firm JD.com also launched a secondary listing and is set to start trading in Hong Kong Thursday. The debate around the impact of regulation on the choice and relative attractiveness of markets continues. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Shanghai Stock Exchange soared to 1st place in IPO funds raised, surpassing both main exchanges in the US. Global equity markets kicked off strongly in 2023, supported by lower energy and oil prices, positive business sentiment indicators and Mainland China reopening. Indonesia makes a rare appearance in the Top 10 this quarter as a number of nickel miners completed IPOs, supported by the growing demand for the commodity used in batteries for electric vehicles. Hong Kong's secretary for financial services and the treasury said one of the key trends will be an increasing number of technology companies listing in the Asian financial hub. The companysubsequently deniedhaving spoken to the media regarding its vaccine plans in Canada. Yet compared to the $313 billion Shanghai-listed behemoth Kweichow Moutai (600519.SS), debutante ZJLD is a drop in the near-$100 billion baijiu industry: it logs less than 1% market share. After around 4-6 weeks, your bean plant will be ready for transplanting to a new home (larger pot, garden). U.S.-listed Chinese gaming giant Netease carried out its secondary listing in Hong Kong last week, while Chinese e-commerce firm JD.com is also set to start trading in a Hong Kong secondary listing on Thursday. Toripalimab was the first domestically developed anti-PD-1 mAb to get marketing approval in China. The industry leader for online information for tax, accounting and finance professionals. 5.%. Whatever inspiration, motivation or spiritual wisdom you're in need of, there's a bean with a message just for you. Jack Beans are more likely to give you a sore tummy than have you exclaiming to have discovered the next great culinary delicacy. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. The Shanghai and Hong Kong bourses, which saw a surge in fundraising activity, were key drivers behind the 23 percent increase in proceeds raised in the global IPO market in 2020, despite continued challenges due to COVID-19. 2008-2023 Hong Kong Exchanges and Clearing Limited. At the same time, Hong Kong has been making it more attractive for such companies to list in the Asian financial hub. Ditch the nasty plastic pens and corporate mugs, and send your clients an engraved bean with a special message. Health Canada and the Tianjin-based vaccine maker first agreed to jointly develop CanSinos vaccine back in May, but shipments of the vaccine candidate had been held up by Chinese customs for weeks. Nothing has been too much trouble at all when it came to our custom order. HONG KONG (Reuters/IFR) - Chinese smartphone maker Xiaomi Corp priced its Hong Kong initial public offering (IPO) at the bottom of an indicative range, said people close to the transaction. See Terms of Use for more information. This is backed by a pipeline of more than 120 listing applicants as of end-Q1 2020. With winter coming, China broadens emergency use of vaccines. Was being one of the first PD-1s in China important to you? "Although we believe the impact of the pandemic on the global capital market could be temporary, the performance of Hong Kong's IPO market might still be affected if the pandemic continues beyond the first half of the year. According to sources familiar with the matter,Sinovac Biotechs inactivated vaccine candidate, CoronaVac, was approved in July for emergency use for people at high risk of contracting the novel coronavirus, a group that includes medical staff. Not much can stand in the way of its relentless Are you looking for a way to make your company stand out from the crowd? WebThe SSE STAR Market is forecast to have about 150-180 IPOs raising about RMB250 billion-RMB300 billion; 140-170 companies could go public on ChiNext, raising RMB140 billion-170 billion; and the Main Board and SME Board are likely to have about 120-150 new listings raising RMB130 billion-RMB170 billion. Some divisions of the Chinese government were not clear on whether the vaccine should go to global trials or how to handle it, and the time to do those trials has already passed, Yu told the Canadian news outlet. Mainland China and Hong Kong 2020 review: IPOs and other market trends. Their joints freeze in place. State-owned drug makerSinopharmalso announced through its social media platform on WeChat that its vaccine candidate still in Phase 3 testing in several foreign countries is cleared for emergency use for high-risk personnel. Global Top 100 companies by market capitalisation. Since 2008 the IPO market has mainly been fueled by fast-growth and tech companies, a number of whom were loss making and valued on revenue multiples. Jack Beanplant) is in essence a very hardy, virile, fast growing and adaptable climbing bean vine. Deposit transaction charge (for successfully allotted shares) HKD5/RMB5 per board lot. Before I joined Junshi, some scientists and board members of Junshi were already friends of mine for years, as we were all Chinese working in the pharmaceutical industry. Chris and the Live Love Bean team were extremely helpful, receptive and a pleasure to work with. The vaccine, which is jointly being developed with Chinas Academy of Military Science, has been approved for use by the countrys military sinceJune. This field is for validation purposes and should be left unchanged. The Hong Kong stock exchange, Hong Kong's stock exchange was dealt a major blow last month when Ant Group's highly anticipated IPO was shelved. The options are endless with custom engraved magic beans. The Mainland market ended Q1 2020 with substantial year-on-year growth in deal volume and funds raised. The information and contents contained in this website are based on the analyses and interpretations of publicly available information obtained from sources believed to be reliable.

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