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Connected capital markets to drive growth

A lens on the Greater Bay Area

Significant opportunities

capital markets

The diverse range of industries and strengths across the GBA's cities provides significant opportunities for companies that are looking to enter or build on their existing presence in China.

Connected capital markets to drive growth

With a deep capital pool comprising both institutional and retail investors, the GBA remains an attractive and leading region for listing and trading securities, both fordomestic and international businesses.

Key capital markets themes

Cross-border capital flow

The integration of the Stock and Bond Connect schemes between mainland China and Hong Kong – including the Shenzhen-Hong Kong Stock Connect within the GBA – continues to deepen, with an increasing number of international and mainland Chinese investors trading securities across markets.

Hub for New Economy listings

With innovative sectors booming in China and globally, the stock exchanges in Shenzhen and Hong Kong are well-positioned to capitalise on this growing trend, and are taking steps to attract listings of New Economy companies.

  • The Shenzhen Stock Exchange plans to reform the ChiNext Board, with a focus on the profitability and unique characteristics of innovative technology companies, improving listing requirements, and enhancing inclusiveness for different types of companies.
  • The Hong Kong Stock Exchange has introduced a new listing regime to allow the listing of biotech companies that do not meet any of the financial eligibility tests of the Main Board, high growth and innovative companies with weighted voting right structures, and qualifying issuers seeking a secondary listing in Hong Kong.

Education, healthcare and technology IPOs

The movement and management of talent is a key consideration for companies operating in the GBA. This is likely to give rise to greater demand for education, healthcare and technology. There is an increasing number of initial public offering (IPO) applications from companies operating in these industries, and Shenzhen and Hong Kong continue to be ideal venues for these listings.

Bond market growth

The closer integration of the GBA will lead to more business opportunities and greater demand for financing, including for green bonds. Issuers can take advantage of the strong investor base in the region to issue bonds in Shenzhen and Hong Kong.

The KPMG capital markets proposition

Comprehensive service and global network

Our global network comprises experienced professionals who advise companies on all stages of the capital raising process. We advise on IPOs and restructuring for listings on both local and international securities exchanges. We act as reporting accountants, performing financial statement audits and other listing-related assurance work, and advising on internal controls and comments raised by the regulators. As part of our pre-IPO services, we also advise on a company’s listing preparations including its operations, finance and management teams, assist in liaising with the sponsors and other advisors, and facilitate the sponsors’ financial due diligence.

Strong track-record in the region

Our experienced professionals in the GBA have a strong track-record in working with clients on their IPOs and debt offerings in the region. These include listings from both traditional industries, as well as innovative and increasingly popular sectors including education, healthcare and technology.

Capital Markets Group

Our Capital Markets Group advises on the issuance and trading of both equity and debt securities, including listing opportunities for New Economy companies from emerging and innovative sectors, and green bond issuances. The group also works with clients on corporate finance and fundraising opportunities, both locally and internationally.

Contact us

Paul Lau

Head of Capital Markets
KPMG China
+852 2826 8010
paul.k.lau@kpmg.com

George Wong

Partner, Infrastructure and Real Estate, Southern China;
Head of Capital Markets Development, Southern China
KPMG China
+86 (755) 2547 1088
george.wong@kpmg.com

Irene Chu

Head of New Economy
KPMG China
+852 2978 8151
irene.chu@kpmg.com

Raymond Lam

Partner, Capital Markets, Southern China
KPMG China
+86 (20) 3813 8388
raymond.lam@kpmg.com

Maggie Lee

Partner, Capital Markets Development
KPMG China
+852 2826 8063
maggie.lee@kpmg.com

 

 

A lens on the Greater Bay Area:
Magnifying opportunities for businesses in the region

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