Preliminary data from Dealogic has suggested that revenue from advisory work related to mergers and acquisitions as well as from raising capital in the equity and debt markets hit a record $6.4 billion across the Asia Pacific region for the first six months of the year.

On the parameters of capital raised through initial public offerings for two years running, Hong Kong has led the world’s exchange. On the other hand, the U. S economy as well as debt crisis of Greece have played a role to screw investors’ confidence toward Asian stocks, particularly the new listing.

The Head of J. P. Morgan’s investment banking across the Asia Pacific region, Todd Marin said: “The Greek debt crisis has hit bond issuance hard in Asia, and elsewhere. Right now corporate-bond issuers in the G3 markets [the U. S., the euro zone and Japan] are sitting on the sidelines”.

Approximately 55 companies, across the regions of Asia-Pacific have scrapped mooted IPOs worth as much as $8.4 billion.

Chinese car spare part maker, Nanning Baling Technology Co., has credited to become the first company to cancel an IPO on a mainland Chinese exchange after its formal launch while planning to raise around 300 million yuan, or about $46.4 million, on the Shenzhen Stock Exchange in June.