As of4month13Since the implementation of the new regulations on interconnectivity and custody vouchersAThe stocks include Yangjie Technology, Zhongkong Technology, Fangda Carbon, Hangke Technology, Orient Shenghong, Giant Technology, Xinwangda, Healthyuan, Lepu Medical, Guoxuan High-Tech, Green Energy Materials, Shanxiang Co., Ltd., Keda Manufacturing, MingYang Intelligence, etc.14Enterprises successfully issuedGDRThe total fundraising amount has exceeded50billion dollars, reached50.37dozens of millions, with an average fundraising per company3.6billions of US dollars, far exceeding the same periodAshareIPO listingAverage fundraising scale (about10(Yuan). It is worth noting that,14All enterprises are private companies.9Home is the main board company,3The home is the ChiNext.2Home is the Sci-tech Innovation Board.
Aequity companyGDRThe issuance exhibits several notable characteristics: first, it is entirely composed of private enterprises; second, the 'mass entrepreneurship and innovation' segment is showing a trend of catching up. This year4Among the successfully issued enterprises,2Home for the Sci-tech Innovation Board,1Home is for ChiNext, proportion75%Thirdly, the industry distribution has become more diversified. It has gradually spread from mainly new energy industries such as lithium batteries to sectors like pharmaceutical biology, petrochemicals, steel, and electronics. How do you view this?GDRThe average fundraising scale exceeded that of the same periodAshareIPO listing?14What phenomenon does it reflect that all the companies in the family are private enterprises? Frost & SullivanFrost & SullivanThe executive director of Frost & Sullivan's Greater China region, Mr. Xiang Weili, was interviewed by Securities Daily to discuss the above topics.
Securities Daily
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Securities Daily Reporter: Overall speaking, how do you viewGDRThe average fundraising scale exceeded that of the same periodAshareIPO listing?
GDRIssuance ratioAshareIPO listingThe process for private placements is relatively short and the review is more lenient, allowing issuers to raise funds overseas more quickly.
currently, overallGDRFundraising scale compared with the same periodAThe larger share issuance amount is partly due to the successful issuance at presentGDRThe enterprises are basically leading companies in their respective domestic and even global niche industries. They already have a relatively complete overseas business layout and clear plans for overseas expansion. Manufacturing industries, such as the battery supply chain, are capital-intensive industries with a large overall financing scale.AThe funds raised during the same period from share offerings amounted to a larger amount than those of all other industries, covering a wider range of sectors and not all of which are capital-intensive enterprises.
Q
Securities Daily:14What phenomenon does it reflect that all enterprises in the family are private ones?
Currently, the issuance has been successfulGDRof14All private enterprises are leading companies with global competitive advantages in their respective fields, and they mostly come from the manufacturing industry. This reflects that the call for private enterprises to 'go global' is being continuously implemented and deepened.
Private enterprises have a relatively flexible business layout and equity structure, and issuanceGDRIt can meet its overseas business layout and financing M&A needs, as well as its corporate strategic layout requirements.
*This interview was published in "Securities Daily", with reporter Xing Meng as the correspondent. Original title: "The GDRAfter the implementation of the new regulationsAThe listed company's fundraising in Europe exceeded expectations50billion dollars Over 60% of the enterprises are from Guangdong and Zhejiang >> (Click "Read Full Article" at the end of the text to read the complete report).
