MoFo partner Rongjing Zhao has been quoted in a Ming Pao article "私募基金項目料回A增 美富:內地新股市場表現較佳 (Private funds are expected to return to A-share market; MoFo: Mainland's new stock market performs relatively well.)"
The Hong Kong IPO market has been quieter than in the past, especially in terms of the scale of offerings. According to Rongjing, the A-share IPO market has performed relatively well, and mergers and acquisitions are encouraged, so it is expected that private funds will switch to the A-share market when exiting their projects. The past two years have witnessed a decline in the volume and size of private funds transactions, but she expects the volume of transactions to rebound this year.
Read the full article (subscription required).