It is the worlds first new drug application of anti-PD-1 mAb for the treatment of recurrent/metastatic nasopharyngeal carcinoma. Global Top 100 companies by market capitalisation. The result could be appetising. An issuer with a WVR structure has its name that ends with the marker W. All rights reserved. The company said the money raised will go toward developing its core assets, including BAT4306F, an anti-CD20 therapy for treating B-cell non-Hodgkin lymphoma and other similar malignancies; BAT8001, an anti-HER2 antibody-drug conjugate for breast cancer; and BAT1706, an Avastin biosimilar expected to be approved next year andrecentlylicensed toBeiGenefor commercialization in China. They were a highlight of our event and really added an innovative and unique edge to make it stand out from other corporate events. To receive future editions, sign up here. You joined Junshi in 2018 and led the company to its IPO by the end of the year. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. State-owned drug makerSinopharmalso announced through its social media platform on WeChat that its vaccine candidate still in Phase 3 testing in several foreign countries is cleared for emergency use for high-risk personnel. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please enable JavaScript to view the site. The UK fails to make the top 10 list once more as the UK IPO market remains closed for yet another quarter. Tensions between Beijing and Washington have ramped up in recent months over a multitude of issues, from the origins of the coronavirus, to China's move to approve a national security law in Hong Kong. Initial public offerings in the financial centre are in short supply, but a KKR As of 31 March 2020, Hong Kong had recorded HKD14.1 billion in proceeds raised from 37 new listings. By Monday, Hong Kong IPOs and secondary listings had raised a combined $22.5 billion, up 109% from a year ago, according to data provider Refinitiv. It is anticipated that the global market conditions will continue to be challenging and volatile in 2021 but, given the continued deterioration in China-US economic relations, the Hong Kong IPO market is still expected to perform strongly. Grow your mind alongside your plant. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. China has approved several locally developed Covid-19 vaccines under emergency use authorizations, Reutersreportedlast week. WebThe SSE STAR Market is forecast to have about 150-180 IPOs raising about RMB250 billion-RMB300 billion; 140-170 companies could go public on ChiNext, raising RMB140 billion-170 billion; and the Main Board and SME Board are likely to have about 120-150 new listings raising RMB130 billion-RMB170 billion. What is one thing youd recommend someone do if theyre visiting Shanghai for the very first time? The Hong Kong stock exchange, The STAR Market is expected to record 120-150 IPOs raising RMB130 billion-160 billion. But why would you want to? CanSino BiologicsCovid-19 vaccine testing plans have been denied a homecoming in Canada,The Globe and Mail reported. Innovation, Science & Technology as a Service, Telecommunications, Media & Entertainment, Q3 2019 Review and Outlook for Chinese Mainland and HK IPO Markets, 2019 Review and 2020 Outlook for Chinese Mainland and HK IPO Markets, Mainland and Hong Kong IPOs remained resilient in Q1 2020, Whether COVID-19 pandemic can be contained by end of 1H 2020 will be key to outlook of Hong Kong IPO market in 2020, Capital market reforms and consultations are set to create more conducive environment for prospective issuers. WebIn October 2019, SenseTime was placed on the United States Bureau of Industry and Security's Entity List for using its technology for human rights abuses in Xinjiang. Health Canada and the Tianjin-based vaccine maker first agreed to jointly develop CanSinos vaccine back in May, but shipments of the vaccine candidate had been held up by Chinese customs for weeks. Super happy with the end product. "We have very strong financial regulations, at the same time we are seeing many companies would like to come back to Hong Kong to list for our proximity to China, yet at the same time being able to tap into the huge capital pool here in Hong Kong, with the international investors here," he added. We welcome the new guidelines that encourage "hard technology" businesses to list on the market, as well as recent enhancements to its listing rules, which will provide greater support to emerging sectors," says Anthony Wu, China's A-Share Capital Market leader of the National Public Offering Group. All Rights Reserved. And as an innovative company in China, how important is it to stay at the forefront of drug R&D? Sources for A-share IPO statistics: the China Securities Regulatory Commission, Shanghai Stock Exchange, and Deloitte estimates and analysis. We have also collaborated with outstanding domestic and overseas innovative companies to develop novel combo therapies and next generation immunotherapies, aiming for better efficacy and precision. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Hong Kong's stock exchange was dealt a major blow last month when Ant Group's highly anticipated IPO was shelved. However, despite the short lived equity market sell-off that followed the unexpected turbulence in the US and European banking sectors, indices rallied further on strong retail earnings and managed to close the quarter with sizable gains - the S&P 500 and the Stoxx 600 that both closed up 7%, and the Shanghai index that closed up 6%. I recommend them to climb to the Oriental Pearl TV Tower to have a dinner and enjoy a bird-view of the night of Shanghai. means "under-subscription" in which the number of applied shares is less than the number of shares issued for an initial public offering. This field is for validation purposes and should be left unchanged. DTTL (also referred to as "Deloitte Global") does not provide services to clients. This is against 59 IPOs having raised HKD88.0 billion in 1H 2020 representing a 22% drop in the number of new listings and a 138% surge in proceeds. Sometimes we all need a little inspiration. Hence, IPO activity could swiftly become even more active. I really hoped to make contributions to this project, which would benefit not only the company and the industry, but also hundreds and thousands of patients. Your beans are sent out on the day you order. Hong Kong's secretary for financial services and the treasury said one of the key trends will be an increasing number of technology companies listing in the Asian financial hub. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. This represents a fall of about 31 percent from the HKD20.4 Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce today (Tuesday) that it will proceed to introduce a new platform, FINI (Fast Interface for New Issuance), to comprehensively streamline and digitalise What should people know about Junshis pipeline and areas of focus? Innovation is the core competence of an innovative company, meaning [inventing] things no one has achieved before. Because our beans speak Not only are magic beans unique enough to put a genuine look of surprise on the receiver's face, they also get even better day by day - as their message is slowly revealed. You expressly agree that the use of this app/website is at your sole risk. They said that there had already been a "visible trend" of fewer Chinese firms listing in the U.S. after 2015. Toripalimab was the first domestically developed anti-PD-1 mAb to get marketing approval in China. The global bond market also saw a significant widening of the credit spreads indicating weaker economic prospects. U.S. private equity firm KKR owns a 16.2% stake in the company, which will fall to 13.8% after the IPO. Over the course of 2020, the Shanghai Stock Exchange combined with Shenzhen Stock Exchange are expected to see a 82 percent increase in terms of funds raised compared with 2019 recording a combined RMB 461.0 billion from 383 new listings. NEW LISTINGS - ANNOUNCEMENTS, PROSPECTUSES & ALLOTMENT RESULTS. Our specialists will get back to you within 24 hours. They were great to deal with from day 1. Nine US-listed Chinese companies chose the Hong Kong Stock Exchange for a secondary listing in 2020, raising a total of HK$131.3 billion or 34% of the total funds Now is not the time to fall out of love with M&A. Or maybe there's a big event coming up. At the same time, Hong Kong has been making it more attractive for such companies to list in the Asian financial hub. The Shanghai and Hong Kong bourses, which saw a surge in fundraising activity, were key drivers behind the 23 percent increase in proceeds raised in the global IPO market in 2020, despite continued challenges due to COVID-19. Alibaba also found itself in similar crosshairs when regulators abruptly halted Ant Groups planned $37 billion IPO in Hong Kong and in Shanghai in late 2020. Show someone how you really feel about them with a message that keeps on growing. The possibilities are endless. Once in the soil, a magic bean plant can grow for up to 12 months or more. It can be draining talking Say thank you with a magic bean. Compared to the sobering new reality of slower growth and increased government oversight for China tech, alcohol makers, particularly smaller ones like ZJLD, have it easier. "Netease just finished last week, and we have JD.com, we have a very healthy pipeline. Sources for HK IPO statistics: the Stock Exchange of Hong Kong, Deloitte estimates and analysis, and excludes GEM to MB transfers. Hong Kong was also the second-largest biotech IPO market in the world, and the largest in Asia, with 22 healthcare and life sciences companies listing on the HKEX, raising a total of HKD98.8 billion. The industry leader for online information for tax, accounting and finance professionals. Also, we have several candidates with the potential to be first-in-class. not available. A Secondary listing company in A wonderful, personable company to deal with. 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