Shanghai Stock Exchange'S IPO Financing First Exceeds Hkex

According to the data released on the 9 day of the DDT China business group, the new stock financing of the Shanghai stock exchange has surpassed the Hongkong exchange for the first time in the first quarter of 2015, and even replaced the New York securities exchange, which has long been in the lead. A shares Registration system It will be launched before and after the end of the year. New three boards The transfer mechanism may be later than the registration system.

Despite the start of global IPO activity, China's IPO market accelerated in the first quarter of this year. Data show that in the first quarter of 2015, the number of IPO in the Chinese market was 70, up 46% from 48 in the same period in 2014, and the amount of financing rose from 33 billion 500 million yuan to 48 billion 300 million yuan, up 44%. In April, the China Securities Regulatory Commission approved 30 listed companies, indicating that A shares are accelerating the pace of IPO.

DDT China Listing business group Wu Xiaohui, a leading partner in China's A share capital market, said that the current pace of issuance will be closely related to market performance, and that the pace of market activity is accelerating, but if the market adjustment will slow down as well. In 2015, the A share market was advancing in the direction of issuing 260 to 300 new shares and financing from 150 billion yuan to 180 billion yuan in the whole year. The Chinese government intends to digest most of the queuing "dammed lake" enterprises before registration system. According to the current progress, it will take a year and a half.

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The general situation is not good, and the foreign trade enterprises are also having a hard time. Research shows that the PRD export enterprises have difficulty in production and operation, and the profit margins are narrowed. According to a thorough investigation by the Ministry of Commerce of Guangdong province from the end of last year to the beginning of this year, only 20% of foreign trade enterprises expect year-round orders to increase, and enterprises that expect orders to drop will reach 40%.

The decline of foreign trade is caused by multiple factors. Wang Yang said it was the result of many factors, such as external demand and rising costs, which also had a certain relationship with the implementation of policy measures.

In summing up the import and export situation last year, Zheng Yuesheng, director general of the General Administration of customs and general statistics department, pointed out that the weakness of the global economic recovery, the weakening of the domestic low-cost advantage, the decline in the absorption of foreign capital by the manufacturing industry, and the continued decline in the commodity prices in the international market, all these factors will continue to lead to China's foreign trade in 2015.

From the perspective of international demand, Shen Danyang, spokesman of the Ministry of Commerce, analyzed that the world economy is still in the adjustment period after the international financial crisis, and the overall recovery has not changed significantly. External demand growth is still facing many uncertain factors.

From the domestic situation, the economy has entered a new normal, the downward pressure still exists, investment and economic slowdown have an impact on imports; the adjustment of industrial structure has reduced the proportion of labor-intensive industries and processing industries, showing that in the export structure, the proportion of general trade has increased and the proportion of processing trade has declined. At the same time, due to the continuous rising of labor and financing costs and the increase of resources and environment constraints, China's traditional industrial competitive advantage is weakening, which also restricts exports.

"The situation of foreign trade and the current economic situation are closely linked. The recovery of manufacturing industry will lead to the growth of foreign trade, but at present, the downward pressure on domestic economy is still not getting rid of, and enterprises are faced with the situation of low efficiency and difficult operation. The recovery process will be slow. " Huo Jianguo said.