China’s IPO Market Report Q1’20
China’s IPO Market Report Q1’20
报告标签: 上市
报告价格: 1500.00
出版时间: 2020-09-22 页数:80 咨询电话: 400-600-9460 目录下载
出版时间: 2020-09-22 页数:80 咨询电话: 400-600-9460

According to macroeconomic data released by the National Bureau of Statistics, China's GDP decreased 6.8% YoY in Q1’20, down 12.8 percentage point from the fourth quarter last year (6.0%) and 13.2 percentage point from the same period last year (6.4%). The value added of the primary industry reached RMB 1,018.6 billion, down by 3.2% YoY; that of the secondary industry reached RMB 7,363.8 billion, down by 9.6% YoY; and that of the tertiary industry was RMB 12,268 billion, down by 5.2% YoY. The value added of the primary, secondary and tertiary industry accounted for 4.9%, 35.7% and 59.4% of GDP respectively. Among key sectors, the value added of industry, finance, leasing and business services accounted for 31.3%, 10.3% and 3.5% of GDP respectively. Due to the coronavirus, China's economic growth rate was low in the first quarter and local governments also successively introduced tax reduction and fee reduction, low-cost financing loans and other support policies, thus accelerating economic recovery. Basic industries and important products related to the national economy and people's livelihood have grown steadily, basic people’s life has been secured, and overall economic and social development has been stable. It can be seen from this that China's economy has strong resilience, with a complete industrial chain and strong integration ability in economic recovery.

In Q1’20, the total retail sales of social consumer goods was RMB 7,858 billion, down 19% YoY. According to the type of consumption, the income of catering business was RMB602.6 billion, down 44.3% YoY. Retail sales totaled RMB 7,255.3 billion, down 15.8% YoY. Among them, sales of grain, oil and food increased by 12.6% YoY, beverages increased by 4.1%, and clothing, shoes, hats and textile products decreased by 32.2%.

In Q1’20, the national investment in fixed assets (excluding rural households) was RMB 8,414.5 billion, down by 16.1% YoY, of which private investment in fixed assets was RMB 4,780.4 billion, down by 18.8% YoY. The manufacturing investment decreased by 25.2% YoY. To some extent, enterprises' resumption of work led to the improvement of manufacturing investment, but weak demand led to poor expectations. It is expected to continue to grow negatively after the second quarter. In the first quarter, the investment in real estate development decreased by 7.7% YoY. The COVID-19 only restrained short-term real estate investment demand and the demand may gradually release after the epidemic, thus improving the real estate sales. The financing environment will be loosened marginally, and the investment in real estate development will gradually pick up.

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