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Global IPO Trends Report Is Released Every Quarter and Looks at the IPO Markets, Trends and Outlook for the Americas, Asia-Pacific and EMEIA Regions
When will the economy catch up with the capital markets? Global IPO trends: Q3 2020 ey.com/ipo/trends #IPOreport Contents Global IPO market 3 Americas 10 Asia-Pacific 15 Europe, Middle East, India and Africa 23 Appendix 29 About this report EY Global IPO trends report is released every quarter and looks at the IPO markets, trends and outlook for the Americas, Asia-Pacific and EMEIA regions. The current report provides insights, facts and figures on the IPO market for the first nine months of 2020* and analyzes the implications for companies planning to go public in the short and medium term. You will find this report at the EY Global IPO website, and you can subscribe to receive it every quarter. You can also follow the report on social media: via Twitter and LinkedIn using #IPOreport *The first nine months of 2020 cover completed IPOs from 1 January 2020 to 30 September 2020. All values are US$ unless otherwise noted. Subscribe to EY Quarterly IPO trends reports Get the latest IPO analysis direct to your inbox. GlobalGlobal IPO IPO trends: trends: Q3Q3 20202020 || Page 2 Global IPO market Liquidity fuels IPOs amidst global GDP contraction “Although the market sentiments can be fragile, the scene is set for a busy last quarter to end a turbulent 2020 that has seen some stellar IPO performance. The US presidential election, as well as the China-US relationship post-election, will be key considerations in future cross-border IPO activities among the world’s leading stock exchanges. Despite the uncertainties, companies and sectors that have adapted and excelled in the ‘new normal’ should continue to attract IPO investors. -
Global Market Structure Asia Pacific Newsletter Special Edition - Issue 41, 2016
Deutsche Bank March 2016 Equities Global Market Structure Asia Pacific Newsletter Special Edition - Issue 41, 2016 2016 Year of the Monkey 2 Global Market Structure Issue 41, 2016 Contents APAC and ASEAN Summary 4 Hong Kong 8 China 17 Taiwan 26 Japan 30 India 35 South Korea 41 Australia 46 Thailand 52 Singapore 54 Philippines 58 Indonesia 60 Malaysia 62 Chart Definitions 64 Editor Jessica Morrison, Head of APAC Market Structure [email protected] Quantitative Content Winnie Khattar, Head of APAC Analytics [email protected] Contributors Kirsten Yam, Nithin Nath, Shailendra Kumar, Gyanendra Agrawal, Amy-ZW Zhang, Wesley Wise 3 Global Market Structure APAC and ASEAN Summary Welcome to 2015-16 Special Edition Newsletter which provides a summary of APAC macro and micro market structure developments in 2015, and a forward looking 2016 review. 2015 was a tumultuous year with China market seeing a 47% rise to the peak of 12th June followed by a fall of 43% within 12 weeks. Reforms were a combination of required evolution with the new Margin Trading and Stock Borrow Lending rules and SDR inclusion being the most prominent example - to more reactionary such as the reduction of new positions in the CSI300 to 10 lots. China continues the opening measures in 2016 by relaxing the QFII rules, and new CSRC chief Liu has confirmed Shenzhen Connect must go forward this year with IPO reform, new listing and delisting rules and the potential introduction of electronic trading (“Program Trading”) rules. In Hong Kong, the Connect programme is seeing buying from mainland investors. -
The Making of White Australia
The making of White Australia: Ruling class agendas, 1876-1888 Philip Gavin Griffiths A thesis submitted for the degree of Doctor of Philosophy of The Australian National University December 2006 I declare that the material contained in this thesis is entirely my own work, except where due and accurate acknowledgement of another source has been made. Philip Gavin Griffiths Page v Contents Acknowledgements ix Abbreviations xiii Abstract xv Chapter 1 Introduction 1 A review of the literature 4 A ruling class policy? 27 Methodology 35 Summary of thesis argument 41 Organisation of the thesis 47 A note on words and comparisons 50 Chapter 2 Class analysis and colonial Australia 53 Marxism and class analysis 54 An Australian ruling class? 61 Challenges to Marxism 76 A Marxist theory of racism 87 Chapter 3 Chinese people as a strategic threat 97 Gold as a lever for colonisation 105 The Queensland anti-Chinese laws of 1876-77 110 The ‘dangers’ of a relatively unsettled colonial settler state 126 The Queensland ruling class galvanised behind restrictive legislation 131 Conclusion 135 Page vi Chapter 4 The spectre of slavery, or, who will do ‘our’ work in the tropics? 137 The political economy of anti-slavery 142 Indentured labour: The new slavery? 149 The controversy over Pacific Islander ‘slavery’ 152 A racially-divided working class: The real spectre of slavery 166 Chinese people as carriers of slavery 171 The ruling class dilemma: Who will do ‘our’ work in the tropics? 176 A divided continent? Parkes proposes to unite the south 183 Conclusion -
Stock Market Linkages in Emerging Asia-Pacific Markets
SGOXXX10.1177/2158244013514060Palamalai et al.Palamalai et al. 514060research-article2013 Article SAGE Open October-December 2013: 1 –15 Stock Market Linkages in Emerging © The Author(s) 2013 DOI: 10.1177/2158244013514060 Asia-Pacific Markets sgo.sagepub.com Srinivasan Palamalai1, Kalaivani M.2, and Christopher Devakumar1 Abstract This study examines the stock market integration among major stock markets of emerging Asia-Pacific economies, viz. India, Malaysia, Hong Kong, Singapore, South Korea, Taiwan, Japan, China, and Indonesia. The Johansen and Juselius multivariate cointegration test, Granger causality/Block exogeneity Wald test based on the vector error correction model (VECM) approach, and variance decomposition analysis were used to investigate the dynamic linkages between markets. Cointegration test confirmed a well-defined long-run equilibrium relationship among the major stock markets, implying that there exists a common force, such as arbitrage activity, which brings these stock markets together in the long run. The results of Granger causality/Block exogeneity Wald test based on VECM and variance decomposition analysis revealed the stock market interdependencies and dynamic interactions among the selected emerging Asia-Pacific economies. This result implies that investors can gain feasible benefits from international portfolio diversification in the short run. On the whole, the study results suggest that although long-term diversification benefits from exposure to these markets might be limited, short-run benefits might exist -
Mainland China and Hong Kong 2020Review: Ipos and Other Market
Mainland China and Hong Kong 2020 review: IPOs and other market trends Foreword Despite overall market sentiment and investor confidence this year being driven by COVID-19 as well as political, social and economic concerns, global IPO markets have shown resilience, recovering after a slower first half and expected to end strong by recording an increase of more than 23 percent in terms of proceeds by the end of 2020, compared with last year. This increase is mainly due to a surge in fundraising in the leading stock markets in Mainland China, Hong Kong and the US, especially the Mainland China and Hong Kong stock exchanges, which are – set to record their most active year since 2011 in terms of proceeds. The Shanghai Stock Exchange is expected to rank among the global top three exchanges in terms of total funds raised, boosted by the continuing popularity of the STAR Market. The A-share market is up 82 percent in terms of funds raised compared with last year. On the back of the STAR Market’s success, China has deepened its capital markets reform with the expansion of registration-based IPOs in the ChiNext market during the year. The STAR and ChiNext board focus on supporting innovative growth companies and start-ups, further facilitating the growth of multi-layered capital markets, and enhancing liquidity and investments in the A-share market. Hong Kong’s market has continued to attract up-and-coming companies from around the world, with a number of homecoming listings. During the period, nine US-listed Chinese-based companies completed secondary listings in Hong Kong, raising a total of HKD131.3 billion, representing approximately 34 percent of funds raised. -
The Financial Statism Regime As Scaffolding In
Financial Statism as an Alternative Interventionist Approach in Developing International Financial Centres (IFCs): The Case of Shanghai since the 1990s Thesis submitted for the degree of Doctor of Philosophy University College London Dafeng Xu Development Planning Unit University College London December 2014 - 1 - Declaration I, Dafeng Xu, confirm that the work presented in this thesis is my own. Where information has been derived from other sources, I confirm that this has been indicated in the thesis. - 2 - Abstract As increasing numbers of developing countries seek to build their own international financial centres, it is critical to take account of this new phenomenon in the realm of development studies. Previous development theories have devoted a great deal of attention to the analysis of industrialisation in the manufacturing sector, but insufficient attention to this new subject. At odds with neoliberal laissez-faire evolution, the financial statism identified in this thesis as (a) state ownership in the financial sector; (b) financial restraint policies; and (c) state control over capital mobility and currency convertibility, suggests an alternative approach adopted by the Chinese state to develop Shanghai into an international financial centre from the 1990s. It is argued that IFCs‘ development is multi-faceted and can only be addressed in a country-specific context. The study demonstrates that due to the imperfection of institutions and infrastructure in China as a transitional economy in the 1990s, financial statism has played an active role in maintaining socio-economic stability at macro level, creating market institutions and urban infrastructure at meso-level and precluding exogenous financial risks at meta-level. -
Chinese Stock Market Performance in the Time of Novel Coronavirus Pandemic
Munich Personal RePEc Archive Chinese stock market performance in the time of novel coronavirus pandemic Liew, Venus Khim-Sen and Puah, Chin-Hong Universiti Malaysia Sarawak 1 April 2020 Online at https://mpra.ub.uni-muenchen.de/100414/ MPRA Paper No. 100414, posted 17 May 2020 12:42 UTC Chinese stock market performance in the time of novel coronavirus pandemic Venus Khim-Sen Liew* Faculty of Economics and Business Universiti Malaysia Sarawak [email protected] Chin-Hong Puah Faculty of Economics and Business Universiti Malaysia Sarawak [email protected] Abstract This paper aims to quantify the effect of the deadly novel coronavirus (COVID-19) pandemic outbreak on Chinese stock market performance. Shanghai Stock Exchange Composite Index and its component sectorial indices are examined in this study. The pandemic is represented by a lockdown dummy, new COVID-19 cases and a dummy for 3 February 2020. First, descriptive analysis is performed on these indices to compare their performances before and during the lockdown period. Next, regression analysis with Exponential Generalized Autoregressive Conditional Heteroscedasticity specification is estimated to quantify the pandemic effect on the Chinese stock market. This paper finds that health care, information technology and telecommunication services sectors were relatively more pandemic-resistant, while other sectors were more severely hurt by the pandemic outbreak. The extent to which each sector was affected by pandemic and sentiments in other financial and commodity markets were reported in details in this paper. The findings of this paper are resourceful for investors to avoid huge loss amid pandemic outburst and the China Securities Regulatory Commission in handling future pandemic occurrence to cool down excessive market sentiments. -
Lanzhou-Chongqing Railway Development – Resettlement Action Plan Monitoring Report No
Resettlement Monitoring Report Project Number: 35354 April 2010 PRC: Lanzhou-Chongqing Railway Development – Resettlement Action Plan Monitoring Report No. 1 Prepared by: CIECC Overseas Consulting Co., Ltd Beijing, PRC For: Ministry of Railways This report has been submitted to ADB by the Ministry of Railways and is made publicly available in accordance with ADB’s public communications policy (2005). It does not necessarily reflect the views of ADB. The People’s Republic of China ADB Loan Lanzhou—Chongqing RAILWAY PROJECT EXTERNAL MONITORING & EVALUATION OF RESETTLEMENT ACTION PLAN Report No.1 Prepared by CIECC OVERSEAS CONSULTING CO.,LTD April 2010 Beijing 10 ADB LOAN EXTERNAL Monitoring Report– No. 1 TABLE OF CONTENTS PREFACE 4 OVERVIEW..................................................................................................................................................... 5 1. PROJECT BRIEF DESCRIPTION .......................................................................................................................7 2. PROJECT AND RESETTLEMENT PROGRESS ................................................................................................10 2.1 PROJECT PROGRESS ...............................................................................................................................10 2.2 LAND ACQUISITION, HOUSE DEMOLITION AND RESETTLEMENT PROGRESS..................................................10 3. MONITORING AND EVALUATION .................................................................................................................14 -
Table of Codes for Each Court of Each Level
Table of Codes for Each Court of Each Level Corresponding Type Chinese Court Region Court Name Administrative Name Code Code Area Supreme People’s Court 最高人民法院 最高法 Higher People's Court of 北京市高级人民 Beijing 京 110000 1 Beijing Municipality 法院 Municipality No. 1 Intermediate People's 北京市第一中级 京 01 2 Court of Beijing Municipality 人民法院 Shijingshan Shijingshan District People’s 北京市石景山区 京 0107 110107 District of Beijing 1 Court of Beijing Municipality 人民法院 Municipality Haidian District of Haidian District People’s 北京市海淀区人 京 0108 110108 Beijing 1 Court of Beijing Municipality 民法院 Municipality Mentougou Mentougou District People’s 北京市门头沟区 京 0109 110109 District of Beijing 1 Court of Beijing Municipality 人民法院 Municipality Changping Changping District People’s 北京市昌平区人 京 0114 110114 District of Beijing 1 Court of Beijing Municipality 民法院 Municipality Yanqing County People’s 延庆县人民法院 京 0229 110229 Yanqing County 1 Court No. 2 Intermediate People's 北京市第二中级 京 02 2 Court of Beijing Municipality 人民法院 Dongcheng Dongcheng District People’s 北京市东城区人 京 0101 110101 District of Beijing 1 Court of Beijing Municipality 民法院 Municipality Xicheng District Xicheng District People’s 北京市西城区人 京 0102 110102 of Beijing 1 Court of Beijing Municipality 民法院 Municipality Fengtai District of Fengtai District People’s 北京市丰台区人 京 0106 110106 Beijing 1 Court of Beijing Municipality 民法院 Municipality 1 Fangshan District Fangshan District People’s 北京市房山区人 京 0111 110111 of Beijing 1 Court of Beijing Municipality 民法院 Municipality Daxing District of Daxing District People’s 北京市大兴区人 京 0115 -
Sichuan Economy and Trade Trends Monthly, July 2015 Table of Contents
Sichuan Economy and Trade Trends Monthly, July 2015 Published by CCPIT Sichuan Council Table of Contents –The Province Brought in More Than RMB 400 Bln Domestic Capitals within the First Five Months, Achieving the Largest Scale in Western China Macro –Foreign Trade Transforms across the Province from Flow of Quantity Economy to Flow of Quality –Values of Signed Tourism Projects Reached RMB 88 Bln in Sichuan in the First Half Year, Realizing A Year-On-Year Growth of 94.6% –Xiamen-Chengdu-Xinjiang-Europe Regular Train to Open in July –The First International FTA Project in Southwestern China Established in Pengzhou –Chengdu Signed Friendly City Agreements with Lodz, Poland Foreign Trade –Chengdu Becomes the Fourth City to Open Direct Flights to Five Continents with Its Direct Flights to Africa on Tuesday –Bill English-Vice Premier of New Zealand and the Director of the Ministry of Finance of New Zealand Paid a Visit to Sichuan –Over 4,000 Travelers from the UAE Introduced to Sichuan Every Year Key –The First Multiple-Unit Train Depot in the Southwest Region Put into Projects Service –International Entrepreneurship Incubation Center Established An Incubation Park in Sichuan Industries –Twenty-Four National Enterprise Technical Centers Settled in Chengdu –Geely New Energy Commercial Vehicles R&D Production Project is Up and Running in Nanchong City –The Western China Entrepreneurship and Innovation Alliance Founded –iPad Global Maintenance Center Expected to Be Established in Sichuan –Tianjin Equity Exchange Corporation Service Center Settled -
Lanzhou-Chongqing Railway Development – Social Action Plan Monitoring Report No
Social Monitoring Report Project Number: 35354 April 2010 PRC: Lanzhou-Chongqing Railway Development – Social Action Plan Monitoring Report No. 1 Prepared by: CIECC Overseas Consulting Co., Ltd Beijing, PRC For: Ministry of Railways This report has been submitted to ADB by the Ministry of Railways and is made publicly available in accordance with ADB’s public communications policy (2005). It does not necessarily reflect the views of ADB. ADB LOAN Social External Monitoring Report –No.1 The People’s Republic of China ADB Loan LANZHOU –CHONGQING RAILWAY PROJECT EXTERNAL MONITORING & EVALUATION OF SOCIAL DEVELOPMENT ACTION PLAN Report No.1 Prepared by CIECC OVERSEAS CONSULTING CO.,LTD April 2010 Beijing 1 CIECC OVERSEAS CONSULTING CO.,LTD TABLE OF CONTENTS 1. MONITORING AND EVALUATING OUTLINE……………………….………………………3 1.1 THE PROJECT PROMOTED SOCIAL DEVDLOPMENT ALONG THE RAILWAY OBVIOUSLY…………………………………………………..………….…3 1.2 THE PROJECT PROMOTED THE POOR PEOPLE’S INCOME AND REDUCED POVERTY……………………………………………………………...………………….5 2. PROJECT CONSTRUCTION AND SOCIAL DEVELOPMENT..……………………….6 2.1 MACRO-BENEFIT OF THE PROJECT………………...…………………………….7 2.2 THE EXTENT OF LAND ACQUISITION AND RESETTLEMENT OF PROJECT AND RESETTLEMENT RESULTS…………………………………………………....8 2.3 INFLUENCE AND PROMOTION OF PROJECT CONSTRUCTION AND LOCAL ECONOMICDEVELOPMENT………………………………………………………10 2.4 JOB OPPORTUNITY FROM THE PROJECT…………………………………… 14 2.5 PURCHASING LOCAL BUILDING MATERIALS……………………………… 16 2.6 “GREEN LONG PASSAGE” PROJECT IN PROCESS..………………………… 16 3. SAFETY MANAGEMENT IN CONSTRUCTION -
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Advances in Economics, Business and Management Research, Volume 157 Proceedings of the 8th International Conference on Contemporary Problems in the Development of Economic, Financial and Credit Systems (DEFCS 2020) Stock Market Analysis of China and Foreign Countries Olga Makarova Svetlana Gladkova Yulia Makarova Higher School of Industrial Department of Civil Law and Civil Higher School of Industrial Management and Economics Procedure Management and Economics Peter the Great St. Petersburg St. Petersburg University of the Peter the Great St. Petersburg Polytechnic University Ministry of Internal Affairs of Russia Polytechnic University Saint Petersburg, Russia St. Peterburg, Russia Saint Petersburg, Russia [email protected] [email protected] [email protected] Abstract—The study of the Chinese securities market is of Not surprisingly, in the second half of 1990, the stock market considerable scientific interest due to its rapid development and collapsed. It was evident that the market needed regulation. To limited knowledge of the subject in Russia. In China, as well as regulate it, a decision was made to open the Shanghai Stock in Russia, before the beginning of economic reforms, securities Exchange. markets were practically absent, which is why with the launch of market reforms the country faced the task of forming such a In 1991 there was a new outbreak of growth which lasted market. The main specific feature of building the stock market until 1993. Then stock prices in Shanghai and Shenzhen in China was and continues to be the close supervision by the peaked and then plunged again. It was not until 1996 that the state. For these reasons, exploring the Chinese securities pre-crisis level was recovered.