1、 Mainland and Hong Kong IPO markets 2022 review and 2023 outlookContentsGlobal IPO landscapeA-share IPO marketHong Kong IPO market1Chinese Mainland and Hong Kong IPO markets 2022 KPMG,a Hong Kong(SAR)partnership and a member firm of the KPMG global organisation of independent member firms affiliated

2、 with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Hong Kong(SAR).2Chinese Mainland and Hong Kong IPO markets 2022 KPMG,a Hong Kong(SAR)partnership and a member firm of the KPMG global organisation of independent member firms affiliated wit

3、h KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Hong Kong(SAR).Global IPO landscape3Chinese Mainland and Hong Kong IPO markets 2022 KPMG,a Hong Kong(SAR)partnership and a member firm of the KPMG global organisation of independent member firm

4、s affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Hong Kong(SAR).Global landscapeUS Inflation concernsGeopolitical tensionsInverted yield curveInterest rate hikesRegulatory development2022 is a challenging year for IPOs amid ma

5、rket uncertainties On-going pandemic development4Chinese Mainland and Hong Kong IPO markets 2022 KPMG,a Hong Kong(SAR)partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.Al

6、l rights reserved.Printed in Hong Kong(SAR).2022 Global IPO market overviewGlobal IPO activity(1)(2013 2022)(1)Analysis based on data as at 30 November 2022Sources:Bloomberg and KPMG analysis,including REIT deals and excluding special purpose acquisition company(“SPAC”or“blank check”)deals.174271208