News Snapshot:
The Shanghai Stock Exchange is expected to claim the top spot globally in terms of both IPO fundraising and number of listings year-to-date as at end of the third quarter of 2020 while Hong Kong ranks third globally, according to KPMG's latest analysis. There is a significantly increasing number of US-listed China-based companies returning for secondary listings in Hong Kong , with a total of seven such listings together contributing approximately 48 percent of the total funds raised year-to-date, making Hong Kong an even more important capital-raising venue with a growing ecosystem for innovation and new economy companies. The two...