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Companies tap Hong Kong share market for US$66b in best year since 2010

2014-12-31 00:41:48| IT Services - Topix.net

Companies sell US$65.7 billion in shares this year, while dim sum debt issuance soars to US$53.6 billion as mainland financial firms lead way Wang Jianlin, CEO of Dalian Wanda Commercial Properties, opens trading during the company's IPO at the Hong Kong stock exchange on December 23. Photo: AFP Hong Kong's equity market notched up its biggest year for fundraising since 2010, with companies netting US$65.7 billion, an increase of 41.2 per cent on last year, according to data from Thomson Reuters. Not far behind, the market for yuan-denominated, or dim sum, bonds reached US$53.6 billion, a year-on-year growth of 76.3 per cent, driven by mainland financial institutions as they raised capital for offshore operations.

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