HONG KONG -- Sales of shares in Hong Kong by already-listed companies have enjoyed their best-ever start to a year as issuers tap ample global liquidity and investors' hunger for Chinese assets.
The sell-down of stakes by major shareholders, and follow-on share and convertible offerings from Jan. 1 to April 26, 2021, already reached $47 billion, nearly matching the $47.8 billion raised in all of 2020 and almost four times the deal volume during the same period last year, according to data compiled by Dealogic.