HONG KONG Cheap Nike Air Max 95 Online , Sept. 25 (Xinhua) -- IPO proceeds of China's Hong Kong Special Administrative Region are expected to reach up to 150 billion HK dollars (about 19.3 billion U.S. dollars) in 2017, with listings from technology, media, and telecom (TMT) sectors on the rise, KPMG said here Monday.


There were a total of 106 IPOs in Hong Kong in the first three quarters of 2017, an increase of 56 percent from the 68 deals recorded over the same period in 2016 Cheap Nike Air Max 90 Online , while total proceeds were 85 billion HK dollars, 37 percent lower than the year-on-year total, according to a report released by KPMG.


Hong Kong IPO activity is expected to accelerate in the fourth quarter, with about 80 companies looking to list here, KPMG said.


Maggie Lee, head of Capital Markets Development Group of KPMG said the infrastructure and construction sectors dominated the IPO market in terms of the year-to-date number of listings Cheap Nike Air Max Online , while the financial services industry continued to be a major contributor in terms of funds raised.


However, Hong Kong is expected to play a greater role in attracting technology companies to list, as both the Chinese mainland and Hong Kong are taking a number of initiatives to promote development in this area, Lee said.


More than 10 TMT companies, including online-retailers, web-based game developers and IT solutions providers Cheap Air Max 95 Online , are preparing to list in Hong Kong in the fourth quarter of 2017, according to KPMG's report.


In comparison, only three TMT companies listed between January and September, the report said.? (1 U.S. dollar equals to 7.81 Hong Kong dollar)


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BEIJING, April 2 (Xinhua) -- Sports industry is now one of China's most dynamic sectors and has experienced double-digit growth in recent years.


Chinese investors have frequented world media headlines for their big spendings on sports stars and soccer clubs in 2015.


For example, Chinese clubs spent the most on the global transfer market during winter window; China's Wanda Group became new FIFA partner; China's Hisense Group signed as UEFA Euro 2016 global sponsor.


RAPID EXPANSION AND HUGE ROOM AHEAD


In 2013 Cheap Air Max 90 Online , sports and relevant industries in China reached a total scale of 1.09 trillion yuan (168.5 billion US dollars) and realized an added value of 356.4 billion yuan (55 billion dollars), accounting for 0.63 percent of GDP in the year, up by 10.8 percent compared to that of 2012, obviously higher than GDP growth in the same period.


In stark contrast to huge overcapacity in industries like steel, sports industry is in constant short supply.


"As I understand it, industries like sports and culture can only develop when people have more spare time and income at their disposal. Now China has just reached the right place and people are in need of leisure activities in sports and culture Cheap Air Max Online ," said Wang Jianlin, chairman of Wanda Group, China's largest commercial property company and world's largest cinema chain operator.


In developed countries, sports industry makes considerable contributions to their economies, contributing 1-3 percent of the GDP generally, and plays an important role in creating jobs. In comparison Cheap Nike Air Max 95 Sale , China's sports industry is still in infancy and has huge room to grow.


"The scale of China's sports industry and relevant industries, including the sportswear manufacture, amounted to just 50 billion dollars in 2014. America's sports industry turned out 500 billion dollars that year and has been growing, even with only sports games and sports activities being counted," said Wang.


CLEARING OBSTACLES AND PAVING WAY


On September 2, 2014 Cheap Nike Air Max 90 Sale , Chinese Premier Li Keqiang mapped out the plan of speeding up the sports industry development, boosting sports consumption and promoting public fitness in the State Council executive meeting. On October 20, the State Council unveiled a guideline, named "Opinions on Accelerating the Development of Sports Industry and Promoting Sports Consumption".


As a result, China's General Administration of Sports loosened its hold on administrative examination and approval of commercial and mass sports events.


In 2015, the General Administration granted the subsidy of 870 million yuan (135 million dollars) for 1 Cheap Nike Air Max Sale ,212 large sports venues to open for free or at a low charge. The administration also named seven national sports industry bases and 12 sports industry demonstration units around China.


Meanwhile, local administrations are eager to set up local sports industry bases. By far, nine provinces have constructed sports industry bases and 12 provinces and regions are about to join them.


SPORTS INVESTMENT HEATING UP


Sports industry has been on the speedway since 2105 as investors are optimistic for its future.


Wanda Group has purchased world top sports marketing company Infront Sports & Media at the price of 1.2 billion dollars and World Triathlon Corporatino at 650 million dollars.


China's leading e-commerce company Alibaba established Ali Sports Group, while Tencent, China's top internet service portal, has purchased online broadcasting right of a large number of sports events.


Ti'ao Dongli (also known as China Sports Media) Cheap Air Max 95 Sale , a Beijing-based company specializing in sports broadcast, acquired broadcasting rights last May for the Chinese Super League (CSL) for 8 billion yuan (1.3 billion dollars) over five years covering 2016-2020.


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