According to an Ernst Young (EY) report, the chances of the Hong Kong Stock Exchange entering the top three of global fundraisers this year are relatively small, but being ranked in top five can still be a possibility.
In the report, only 20 companies were listed in the first half of 2022 in Hong Kong, taking the annual decrease down by 56 percent. The amount of financing was HK$17.7 billion (US$2.25 billion), indicating an annual decrease of 92 percent. The number of listings and financing dropped to number 9 and 10 respectively.
