A $5 billion placement by CATL is expected to trigger renewed share sales activity in Hong Kong, though volatility linked to the Iran war has recently dampened deal flow. Total proceeds from Hong Kong placements and block trades by listed firms fell 9% year on year to $14 billion through April. Market instability, driven by shifting developments such as ceasefire headlines, disrupted investor appetite for overnight bookbuilding deals. This marks a slowdown from last year, when BYD and Xiaomi eac

A $5 billion placement by CATL is expected to trigger renewed share sales activity in Hong Kong, though volatility linked to the Iran war has recently dampened deal flow. Total proceeds from Hong Kong placements and block trades by listed firms fell 9% year on year to $14 billion through April. Market instability, driven by shifting developments such as ceasefire headlines, disrupted investor appetite for overnight bookbuilding deals. This marks a slowdown from last year, when BYD and Xiaomi each completed $5 billion-plus placements. JPMorgan’s Peihao Huang said volatility has weighed on activity but expects a more diversified pipeline and higher overall equity-related issuance this year.