Data shows that as of9month9day, within the yearATotal number of market shares266The total amount of funds raised from the listing of newly issued shares that are only publicly offered reached4,400100 million yuan.266Among new shares,247Only from strategic emerging industries, proportion93%Looking at the sub-sectors,85The fundraising scale of the new generation information technology industry company reaches1,984100 million yuan.
Whether in terms of the number of listings or scale, both the Sci-tech Innovation Board and the Growth Enterprise Market hold an absolute advantage. What phenomenon does this reflect? How should we view over 90% being strategic emerging industry companies? Why is the new generation information technology industry highly favored by capital? What development trends will new share listings show in the second half of the year? Frost & SullivanFrost & Sullivan,Dr. Wang Xin, Global Partner and President of Greater China at Frost & Sullivan (hereinafter referred to as 'Frost & Sullivan'), was interviewed by Securities Daily to discuss the current status and future trends of new share listings.
Securities Daily
Since the beginning of this year,AThe frequency of market share introductions has accelerated, and the fundraising scale has been climbing steadily.9month9Today, BGI Smart Manufacturing, etc.5New shares listed only were highly sought after by the market, with an average increase on the first day of14%.
windData shows that as of9month9day, within the yearATotal number of market shares266The total amount of funds raised from the listing of newly issued shares that are only publicly offered reached4400yuan. Among them, China Mobile, etc.4The fundraising scale of each home exceeds 10 billion yuan.
"Since the beginning of this year, there has been a surge in enthusiasm for new stock listings. Companies from economically developed regions are actively listing, and a large amount of capital continues to flow towards emerging industries, highlighting the role of the capital market in supporting technological innovation." Gui Haoming, chief market expert at Shenwan Hongyuan, told the Securities Daily reporter.
In terms of geographical distribution, this year's newly listed companies are mainly concentrated in Guangdong, Jiangsu, and Zhejiang provinces.windData shows that Guangdong50Jiangsu49(Zhejiang only))30Total of the three provinces129Only, accounting for the total number of new shares listed within the year48%.
"The business environments in Guangdong, Jiangsu, and Zhejiang are excellent, with a strong entrepreneurial atmosphere. The private economy is developed, and there are a large number of high-quality small and medium-sized enterprises," said Chen Li, chief economist and director of the research institute at Sichuan Finance Securities to the Securities Daily reporter.
Gui Haoming also believes that this year's newly listed companies are mainly concentrated in the southeast coastal regions, where economies are developed, industries are clustered, and markets are highly dynamic. At the same time, although the number of new listed companies in the central and western regions is smaller, some areas have seen rapid development in information technology industries, with a significant increase in the number of new listings, indicating strong potential for future development.
In terms of sector distribution, the Sci-tech Innovation Board (STAR Market) and ChiNext are highly attractive. Among them, ChiNext has the largest number of new listings, reaching103Only, new shares on the Sci-tech Innovation Board83Only, the two account for the total number of new shares70%; New shares on the Sci-tech Innovation Board1842The fundraising scale of hundreds of millions ranks first, followed by the new share fundraising scale of the ChiNext.1297Yuan billion, the combined proportion of the two71%.
"The capital boom on the Sci-tech Innovation Board and Growth Enterprise Market reflects a positive transformation towards innovation-driven development in the economy. Companies listed on the Sci-tech Innovation Board typically possess a gene attribute for heavy investment in research and development, master core technologies, and have established channels for the transformation of mature high-tech achievements into commercial products. These are focal points of attention for capital market investors and also align with China's strategic focus on technological innovation," said Wang Xin, Global Partner and President of Frost & Sullivan Greater China, to the Securities Daily reporter.
windThe data shows that the aforementioned266Among new shares,247Only from strategic emerging industries, proportion93%Looking at the sub-sectors,85The fundraising scale of the new generation information technology industry company reaches1984Yuan, both in terms of quantity and scale, leads other fields. In addition, there are also many companies in sectors such as the biotechnology industry and high-end equipment manufacturing.
Wang Xin said, taking the new-generation information technology industry as an example, Internet of Things, artificial intelligence and5GAccelerating commercialization will be the direction of future technological innovation. With broad market commercial space, technology companies with long-term corporate value and growth potential that have been recognized by the market will continue to be popular in the market.
Outlook2022In the fourth quarter of 2021, Deloitte China's Capital Markets Services issued a report suggesting that, as the registration-based system reform is steadily advancing and more economic stabilization policies are implemented, it is expected2022yearAThe total amount of new share financing in the stock market is expected to exceed a certain mark2021Records set annually.
*This article is reprinted from Securities Daily, reporterXing Meng,Original title:within the year266Only new shares are listed to raise funds4400100 million yuanThe three provinces of Guangdong, Jiangsu and Zhejiang rank at the top in terms of quantity">
Frost & Sullivan Insight & Extended Readings
QHow do you view the over 90% becoming strategic emerging industry companies? Why is the new generation information technology industry so highly favored by capital?
A: Firstly, the Sci-tech Innovation Board (STAR Market) and Growth Enterprise Market (GEM) themselves possess a strong innovation gene, which can attract companies from popular growth sectors such as new energy, semiconductors, and medical technology. These emerging industries often align with future10year,20The social strategic needs for the year; moreover, the continuous successful listings of emerging industry companies also indicate a trend where market investors are shifting from mainly focusing on historical financial performance to placing increasing emphasis on a company's long-term growth potential and competitiveness. Taking the new generation of emerging information technology industries as an example, the Internet of Things, artificial intelligence, and5GAccelerating commercialization is inevitable in the future10The market innovation theme of the year presents broad business opportunities, naturally attracting capital's welcome and enthusiasm.
Q: How do you view private enterprises becoming the main force in new listings (orIPO listingWhat role has it played in solving the financing difficulties of private enterprises? What development trends will new share listings show in the second half of the year?
A: Private enterprises have always been an indispensable and highly active component of China's market economy. The emergence of private enterprises as the main force in new listings is a manifestation of the vigorous development of China's market-oriented economy, as well as an inevitable result of the continuous progress and improvement of China's market-oriented economic system. This represents that more private enterprises with excellent R&D capabilities and strong innovation abilities are further recognized by market investors during their development and growth. From a macro-market perspective, the listing of new stocks in the second half of the year will still revolve around technological innovation, companies with long-term corporate value and growth potential, and those that have already received certain market validation will continue to be highly welcomed by the market.
