China Snags World’s Biggest IPOs While Hong Kong Listings Dry Up
- Shanghai will host two of the world’s biggest sales this year
- International investors are increasingly wary of policy risks
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Initial public offerings are coming thick and fast in mainland China, with Shanghai set to host the world’s two biggest listings this year as domestic investors look past the government’s regulatory crackdown.
It’s a different story in Hong Kong, a global center for IPOs that’s seen only one offering so far this month. International investors who use the financial hub as a window into China are increasingly concerned by policy risks in sectors ranging from technology and education to food and health care.