CORRECTED-Chinese companies take record 50% of global equity raising in first half of 2020 [Reuters]
JD.com, Inc. - American Depositary Shares (JD)
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Source: Reuters
CORRECTED-Chinese companies take record 50% of global equity raising in first half of 2020 (Corrects Li Hang’s title in paragraph 12 to CLSA’s head of global equity capital markets (not head of Greater China equity capital markets) By Scott Murdoch and Julie Zhu HONG KONG, June 29 (Reuters) - Firms in China brought in half of equity capital raised globally this year so far, setting a record that highlights the economy’s earlier revival from the COVID-19 pandemic, plus the degree to which soured U.S. relations are turning Chinese firms homeward. China-based companies sold shares worth $32.1 billion in January-June including multi-billion-dollar secondary listings in Hong Kong, equivalent to 49.8% of worldwide offerings, showed data from Refinitiv. The total for U.S. firms was $15.8 billion. “With massive liquidity injections by various governments (supporting virus-hit economies), I’m not surprised by the size of Chinese capital raised this year - and the trend may continue,” Li He, ca
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