China Kicks Off 2023 Leading Global Peers in Equity Fundraising

(Bloomberg) — Chinese firms are beating their U.S. and European peers early in the year on equity financing, aided by optimism about the nation’s reopening while the developed world grapples with rising interest rates and recession fears.

The companies and their shareholders have raised $8.1 billion via follow-on share sales and initial public offerings from Shanghai to New York since 2023 began, versus $4 billion by U.S. companies and $1.1 billion by those in Europe, Bloomberg-compiled data show.