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While initial public offering activity was lackluster globally in 2022 due to geopolitical tensions and multiple market uncertainties hindering economic growth, the IPO market remained buoyant in the A-share market last year as the country's technology-focused boards have started to show more vitality.
While initial public offering activity was lackluster globally in 2022 due to geopolitical tensions and multiple market uncertainties hindering economic growth, the IPO market remained buoyant in the A-share market last year as the country's technology-focused boards have started to show more vitality.
Despite that China's benchmark Shanghai Composite Index of the Shanghai Stock Exchange fell more than 15 percent last year due to various market uncertainties, foreign financial institutions remain sanguine about their 2023 prospects in the Chinese capital market. Their confidence, market mavens said, stems from signs that China's economy will stabilize even more going forward, on the back of continual optimization of the COVID-19 control measures.
Defeated in 2022, some Chinese mutual fund managers are picking green stocks to help recoup some of the losses. So far, the bets have paid off in a broadly bullish market.
Multinational investment bank and financial services company UBS is bullish on the Chinese market, and the market's attraction will be strengthened this year, ThePaper reported on Tuesday.