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on september 25, 2024, deloitte china's capital markets services department released a review of the performance of the new stock markets in mainland china and hong kong in the first three quarters of 2024, as well as an outlook for the two markets in the fourth quarter of 2024.

deloitte pointed out that in the first three quarters of 2024, nasdaq ranked first in the world with a financing amount of hk$112.9 billion, and the new york stock exchange ranked second with a financing amount of hk$92 billion (it should be emphasized here that deloitte's statistics do not include spac data, and in this part of the us spac market, 34 spac shell companies completed their listing this year, with a total fundraising amount of us$5.9 billion, equivalent to hk$45.9 billion).

hong kong benefited from midea group's secondary listing in hong kong, with an ipo raising hk$31 billion. in the first three quarters of this year, the hong kong market recorded 45 new stocks raising hk$50.9 billion (midea's ipo alone accounted for 61%). in the first three quarters of this year, hong kong welcomed three gem companies in the past three and a half years, all of which were ipos completed after june 2024. the three companies are: ubo holdings (hk: 08529), yuanxu technology (hk: 08637) and jixin guokong (hk: 08629). on september 16, the total transaction amount of the three companies was hk$272,000 (equivalent to us$35,000), of which ubo holdings traded hk$59,000, yuanxu technology traded hk$9,120, and jixin guokong, which was listed on september 9, traded hk$203,800. from the day of listing, the three companies all experienced a rapid and substantial decline in liquidity, all of which shrank by more than 97%. the stock price decline ranged from 30% to 70%.

the shanghai stock exchange will continue to rank fifth, while the shenzhen stock exchange will be eighth. in the first three quarters, the amount of a-share ipo financing decreased by 85%, while the amount of financing for overseas listed companies increased by 15%. specifically, in terms of the number of ipos, in the first three quarters of this year, the number of ipos on the chinext ranked first, with a total of 26; the beijing stock exchange (hereinafter referred to as "bse") followed closely with 15; the main board and the science and technology innovation board of the shanghai stock exchange (hereinafter referred to as "sse") both reached double digits, with 14 and 10 respectively; the number of ipos on the main board of the shenzhen stock exchange (hereinafter referred to as "szse") in the first three quarters of this year was 5.