随着人工智能热潮推动对芯片、数据中心和电力系统的投资，亚太地区企业今年有望挑战其在2021年创下的股票和可转债融资纪录。
Asia Pacific companies are poised to challenge their 2021 record for share and convertible bond fundraising this year, as an AI boom drives investment in chips, data centres and power systems.
伦敦证券交易所集团（LSEG）的数据显示，今年亚太地区企业通过股权交易筹集了3271亿美元，较去年同期增长53%。该地区的年度历史最高纪录是2021年的5576亿美元，当时截至9月底，发行人已筹集了3997亿美元。
Companies in Asia Pacific raised $327.1 billion through equity deals this year, up 53% from a year earlier, LSEG data showed. The record annual high was $557.6 billion in 2021, when issuers had raised $399.7 billion by the end of September.
高盛亚洲（除日本外）股票资本市场主管詹姆斯·王（James Wang）表示：“到年底，我们预计发行规模将超过2021年的历史高点，这凸显了我们目前所见围绕人工智能的融资周期规模。”
“At year-end, we expect issuance to exceed 2021, which was the historical high, underscoring the scale of the capital-raising cycle we are seeing around AI,” said James Wang, head of Asia ex-Japan equity capital markets at Goldman Sachs.
“未来一到两年，人工智能将继续推动市场交易量。”该地区需要在第四季度筹集2306亿美元才能打破2021年的纪录。虽然这将创下季度新高，但银行家们预计会有更多的股票发售和可转债发行。
“AI will continue to drive market volumes over the next one to two years.”The region needs $230.6 billion in the final quarter to beat the 2021 record. That would be a quarterly record, but bankers expect more share sales and convertible bond issues.
已知的筹备项目包括澳大利亚人工智能基础设施公司Firmus、新加坡数据中心运营商DayOne以及中国闪存芯片制造商长江存储，这些公司每家可能筹集约50亿美元。
The known pipeline includes Australian AI infrastructure firm Firmus, Singaporean data centre operator DayOne and Chinese flash memory chipmaker Yangtze Memory Technologies Co that could raise about $5 billion each.
Dealogic的数据显示，亚太地区预计在年底前定价的首次公开募股（IPO）和新上市项目有望筹集104亿美元，其中包括Mynt价值13亿美元的菲律宾IPO和三星生物制剂（Samsung Biologics）价值22亿美元的韩国供股。
Dealogic data showed Asia-Pacific IPOs and new listings due to price by year-end could raise $10.4 billion, including Mynt’s $1.3 billion Philippine IPO and Samsung Biologics’ $2.2 billion South Korean rights issue.
信实工业（Reliance Industries）旗下的数字部门Reliance Jio Platforms已获准在孟买进行IPO，预计筹资约38亿美元。德勤中国预计，香港还将迎来三到四宗规模至少为100亿港元（约13亿美元）的超大型上市项目。
Reliance Jio Platforms, Reliance Industries’ digital arm, has won approval for a Mumbai IPO that could raise about $3.8 billion. Deloitte China expects three to four more Hong Kong mega-listings of at least HK$10 billion ($1.3 billion) each.
企业正在为人工智能芯片、数据中心和电力设施筹集资金。LSEG数据显示，高科技公司筹集了1258亿美元，占总额的38%，是去年同期的三倍多。
Companies are raising funds for AI chips, data centres and power. High-technology firms raised $125.8 billion, or 38% of the total, over three times a year earlier, LSEG data showed.
第三季度的企业融资活动显示出投资者强烈的投资意愿：韩国芯片制造商SK海力士通过纳斯达克股票发行筹集了265亿美元；中国光网络设备制造商中际光通信则在香港市场筹集了78亿美元。不过，银行家们表示，这种融资热潮也使得投资者变得更加挑剔、更加谨慎。
Third-quarter deals showed appetite. South Korean chipmaker SK Hynix raised $26.5 billion in a Nasdaq share sale, while Chinese optical-networking equipment maker Zhongji Innolight raised $7.8 billion in Hong Kong. But the rush of deals is also making investors more selective, bankers said.
“在大量融资交易之后，我们确实看到了投资者变得谨慎的迹象，”花旗集团亚太地区企业融资（ECM）业务负责人Kenneth Chow说道，“不过市场依然保持开放状态，只要融资条件比两三个月前更为合理，企业仍然有机会获得资金。”
“We’re seeing some signs” of investor caution after the heavy supply of deals, though the market remains open and companies can still raise funds if terms are more reasonable than two or three months ago, said Kenneth Chow, Asia-Pacific head of ECM origination and products at Citigroup.
“这个市场的流动性其实并不短缺，”瑞银集团亚太地区股权资本市场部门联席主管Aaron Oh表示，“市场非常愿意为那些能够提供实际盈利数据、证明其业务与人工智能发展密切相关（而不仅仅是空洞的AI战略声明）的企业提供资金支持。”
“There’s really no shortage of liquidity in this market,” said Aaron Oh, UBS Co-Head of Equity Capital Markets for Asia-Pacific. “The market is very willing to fund growth and make capital available for companies that can show real earnings exposure to the AI buildout, not just an AI narrative.”