But the market in China is bustling with activity. China’s IPO market has defied headwinds such as rising interest rates and fears of a US recession, which have brought major equity fundraising elsewhere to a virtual standstill. To be sure, new share sales owe part of their strong performance to the fact that valuation during the IPO is capped by local rules. “China is a separate market from the rest of the world. “Buying stocks that help China to be more independent from rest of the world and to resist transactions from the United States is normal.”Overall though, the tech sector has been one of the busiest for new share sales in China.

Source: The Star August 07, 2022 23:34 UTC