Chinese government entities remain a pillar of Hong Kong IPOs, but foreign investors have not lost interest [Yahoo! Finance]
![Yahoo! Finance](../../../Content/images/providers/Yahoo! Finance.png)
HONG KONG EX&CL UNSP/ADR (HKXCY)
NASDAQ:AMEX Investor Relations:
hkexgroup.com/investor-relations?sc_lang=en
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Source: Yahoo! Finance
of the year, but foreign institutional buyers may be making a comeback amid improved market sentiment. Provincial and municipal governments, councils and investment vehicles owned by local authorities took part in a third of the 18 IPO deals in the second quarter as cornerstone investors with lock-up conditions, according to data compiled by the Post. The figures illustrate the broader trend of more state-linked support for new offerings since last year in Asia's third-largest stock market. However, data shows that the percentages of shares that government-related entities are taking has fallen. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge , our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. In the three months to June, at least nine government-related bodies took up an average of 24 per cent of the shares on offer. In the previous
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