Ant Group Goes Public

Ant Group Goes Public

With Shanghai’s expedited approval, and the Hong Kong IPO hearing most likely in late September, Ant’s IPO could happen as soon as October.

 
 
Source
Central bank

Hong Kong Monetary Authority

International Reserves

USD 424.7 billion (2018)

International Monetary Fund (IMF), data retrieved October 2019

Gross Domestic Product - GDP

USD 363.0 billion (2018, estimate)

GDP (Purchasing Power Parity)

Intl$ 480.5 billion (2018, estimate)

Real GDP growth
2007 2008 2009 2010 2011 2012 2013
6.5% 2.1% -2.5% 6.8% 4.8% 1.7% 3.1%
2014 2015 2016 2017 2018*    
2.8% 2.4% 2.2% 3.8% 3%    

*Estimate

GDP per capita - current prices

USD 48,517.4 (2018, estimate)

GDP per capita - PPP

Intl$ 64,215.7 (2018, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2019*
0.27% 0.38% 0.37% 0.38% 0.35%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 0.1% 
  • industry: 7.2% 
  • services: 88.6%

(2017 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2015 2016 2017 2018* 2019*
3% 2.4% 1.5% 2.4% 3%

*Estimate

Unemployment rate
2015 2016 2017 2018* 2019*
3.3% 3.4% 3.1% 2.8% 2.9%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2015 2016 2017 2018 2019*
0.1% 0.1% 0.1% 0.1% 0%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2015 2016 2017 2018 2019*
0.6% 4.4% 5.5% 2.3% 0.6%

*Estimate

Government bond ratings

Standard & Poor's: AA+

Moody's: Aa12

Standard & Poor's / Moody's 

Market value of publicly traded shares
2016 2017 2018
USD 3,193.2 billion USD 4,350.5 billion USD 3,819.2 billion
Largest companies

Beijing Enterprises, China Resources Power, China Mengniu Dairy, Power Assets Holdings, Cathay Pacific Airways, Sino Biopharmaceutical, Techtronic Industries, Chow Tai Fook Jewellery, Shenzhou International Group Holdings, Nine Dragons Paper Holdings, China Mobile, CITIC, AIA Group, CNOOC, CK Hutchison, China Unicom, China Resources Land, Jardine Matheson, Sun Hung Kai Properties, CK Asset Holdings, Swire Pacific, New World Development, China Taiping Insurance, CLP Holdings, MTR, Henderson Land, Great Eagle Holdings, First Pacific, China Oriental Group, CSPC Pharmaceutical Group, China Agri-Industries, Sino Land, Yuexiu Property Co., Li & Fung, Shimao Property Holdings, Wheelock, Geely Automobile Holdings, WH Group, Link REIT, Lenovo Group, Hong Kong Exchanges, Galaxy Entertainment, Towngas, China Resources Pharmaceutical Group, Bank of East Asia, China Gas Holdings, China Jinmao, Sun Art Retail Group, Far East Horizon, Kerry Properties, China Merchants Port Holdings, Hang Lung Group, KWG Group Holdings, Hopson Development Holdings, China Resources Gas Group, Guangdong Investment, China Resources Cement Holdings, Kingboard Holdings

 
 
Source
Current account balance

USD 15.6 billion (2018 estimate)

Current account balance by percentage of GDP

4.3 % (2018 estimate)

Exports as percent of GDP (Exports of goods and services)

188% (2018)

Shares in world total merchandising export

2.92% (2018)

Shares in world total commercial services export

1.97% (2018)

Total exports

USD 682.7 billion (2018 estimate)

Export commodities

Electrical machinery and appliances, textiles, apparel, watches and clocks, toys, "jewelry, goldsmiths' and silversmiths' wares, and other articles of precious or semi-precious materials"; hong kong plays an important role as entrepot to the chinese mainland; in 2017, 58% of hong kong’s re-exports originated in mainland china, and 54% were destined for the chinese mainland

Total imports

USD 682.6 billion (2018 estimate)

 
 
Source
Import commodities

Raw materials and semi-manufactures, consumer goods, capital goods, foodstuffs, fuel (most is re-exported)

Exports - major partners

China 54.1%, US 7.7% (2017)

Imports - major partners

China 44.6%, Singapore 6.4%, Japan 6.1%, South Korea 5.5%, US 5.2% (2017)

FDI inflows
2016 2017 2018
USD 117,387 million USD 110,685 million USD 115,662 million
FDI outflows
2016 2017 2018
USD 59,703 million ​USD 86,704 million USD 85,162 million
Value of cross-border M&A, by country of purchaser
2015 2016 2017 2018
USD 19,598 million USD 11,113 million USD 23,686 million USD 13,604 million
Cross-border M&A deals worth over $3 billion completed in 2014

CITIC Pacific Ltd, CITIC Ltd, China, USD 42.2 billion / MMG South America Management Co Ltd, Xstrata Peru SA, Peru, USD 7.0 billion / Lenovo Group Ltd, Motorola Mobility Holdings Inc, United States, USD 3.1 billion

Cross-border M&A deals worth over $3 billion completed in 2015

China Resources (Holdings) Co Ltd, Ondereel Ltd,Best-Growth Resources Ltd,Havensbrook Investments Ltd,China Resourc, Hong Kong, China, USD 14.0 billion / Chia Tai Bright Investment Co Ltd, CITIC Ltd, Hong Kong, China, USD 5.9 billion / China Overseas Holdings Ltd, China Overseas Land & Investment Ltd, Hong Kong, China, USD 5.5 billion / Alpha Progress Global Ltd, Celestial Domain Investments Ltd, China, USD 5.5 billion / Chia Tai Bright Investment Co Ltd, CITIC Ltd, Hong Kong, China, USD 4.4 billion

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking:

3 out of 190 countries

​Subcategories:
Starting a Business: 5 out of 190 countries
Dealing with Construction Permits: 1 out of 190 countries
Getting Electricity: 3 out of 190 countries
Registering Property: 51 out of 190 countries
Getting Credit: 37 out of 190 countries
Protecting Minority Investors: 7 out of 190 countries
Paying Taxes: 2 out of 190 countries
Trading across Borders: 29 out of 190 countries
Enforcing Contracts: 31 out of 190 countries
Resolving Insolvency: 45 out of 190 countries

Global competitiveness ranking

3 out of 141 countries

(2019)

Index of Economic Freedom

Ranking: 1 / Score: 90.2 (Free)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC+8

Total area

1,108 sq km

Capital

Hong Kong

Currency

Hong Kong dollars (HKD)

Government type

Presidential limited democracy; a special administrative region of the People's Republic of China

Languages

Cantonese (official) 88.9%, English (official) 4.3%, Mandarin (official) 1.9%, other Chinese dialects 3.1%, other 1.9% (2016 est.)

Religions

Buddhist or Taoist 27.9%, Protestant 6.7%, Roman Catholic 5.3%, Muslim 4.2%, Hindu 1.4%, Sikh 0.2%, other or none 54.3% (2016 est.)

Total population
1990 2000 2010 2015 2020*
5.79 million 6.71 million 7.05 million 7.31 million 7.64 million

*Estimate 

 
 
Source
Urban population as % of total population
1960 1980 2000 2018
85.2% 91.5% 100% 100%
Population median age

44.8 years 

Population growth rate

0.29% (2018 estimate)

Life expectancy

83.1 years (2018 estimate)

Literacy

N/A

% of population living on less than $3.10 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

Partly Free
Political Rights: 5
Civil Liberties: 2 (2018)           

(1 represents the most free, 7 the least free rating)

Source
Total telephone subscribers as % of population

Fixed: 57.2% Mobile: 259.4% (2018)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

89.42 % (2017)

Mercer Cost of living index

Hong Kong: 1st (2019)

CO2 emissions

6.39 metric tons per capita (2014)

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