{"status":true,"post":{"id":36093,"user_id":2,"status":1,"type":1,"orde":null,"notification_type":3,"static_post":0,"published_at":"2023-01-02 14:12:00","created_at":"2023-01-02T11:12:00.000000Z","updated_at":"2023-01-02T11:13:00.000000Z","edited_at":"2024-12-17 22:35:21","source_id":null,"post_id":36093,"is_featured":0,"title":"2022 y\u0131l\u0131nda \u00c7in teknoloji \u015firketlerine yat\u0131r\u0131m","slider_title":null,"slider_title_2":null,"slider_spot_title":null,"slider_spot_title_2":null,"home_title":null,"sub_title":null,"category_id":73,"description":"FAT\u0130H OKTAY","content":"<p id=\"isPasted\" style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><strong><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>fatih@fatihoktay.com<\/span><\/strong><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>\u00a0<\/span><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>\u00c7inli \u015firketler, 2022 Kas\u0131m ay\u0131 sonu itibariyle anakara \u00c7in borsalar\u0131nda halka a\u00e7\u0131larak, yakla\u015f\u0131k 90 milyar ABD dolar\u0131 tutar\u0131nda kaynak sa\u011flam\u0131\u015f durumdayd\u0131. Bu, ge\u00e7en y\u0131la g\u00f6re sadece birka\u00e7 puanl\u0131k bir y\u00fczde art\u0131\u015f anlam\u0131na geliyor. Ancak bu tutar, bu s\u00fcre i\u00e7inde t\u00fcm d\u00fcnyada \u015firketlerin halka a\u00e7\u0131lma yoluyla sa\u011flad\u0131klar\u0131 yakla\u015f\u0131k 180 milyar dolar\u0131n yar\u0131s\u0131n\u0131 olu\u015fturuyor ve bu a\u00e7\u0131dan \u00c7in\u2019i \u00fclke, Shanghai ve Shenzhen borsalar\u0131n\u0131 da borsa s\u0131ralamas\u0131nda d\u00fcnyada en \u00f6ne ta\u015f\u0131yor. ABD\u2019de ve AB\u2019de ayn\u0131 d\u00f6nemde halka a\u00e7\u0131lmayla sa\u011flanan kaynak tutar\u0131 20\u2019\u015fer milyar ABD dolar\u0131 dolaylar\u0131ndayd\u0131.<\/span><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>\u00a0<\/span><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>Ge\u00e7ti\u011fimiz y\u0131l t\u00fcm d\u00fcnyada \u015firketlerce halka a\u00e7\u0131lma yoluyla sa\u011flanan kaynak tutar\u0131 500 milyar ABD dolar\u0131na yakla\u015f\u0131yordu. Bunun, toplam\u0131n \u00fc\u00e7te biri ABD\u2019de, NASDAQ ve New York borsalar\u0131nda ger\u00e7ekle\u015fmi\u015fti. \u00c7in\u2019in pay\u0131 ise y\u00fczde 10\u2019lar d\u00fczeyindeydi. 2022\u2019de ger\u00e7ekle\u015fen bu b\u00fcy\u00fck de\u011fi\u015fikli\u011fin nedeni, di\u011fer ekonomilerde uluslararas\u0131 gerginlikler, artan enflasyonun getirdi\u011fi belirsizlikler ve faiz oran\u0131 art\u0131\u015flar\u0131, borsalardaki zay\u0131fl\u0131k gibi nedenlerle i\u015flem hacminde b\u00fcy\u00fck bir azalma olurken, \u00c7in\u2019de olmamas\u0131yd\u0131. \u00c7in\u2019de halka arz i\u015flemlerinin di\u011fer ekonomilerdeki gibi d\u00fc\u015fmemesinde, \u00fclkede enflasyonda bir y\u00fckseli\u015f ve buna ba\u011fl\u0131 faiz oran\u0131 art\u0131\u015flar\u0131n\u0131n olmamas\u0131, tersine destekleyici parasal ve mali politikalar uygulanmas\u0131n\u0131n rol\u00fc var. Ancak daha b\u00fcy\u00fck rol\u00fc, devlet politikalar\u0131 oynuyor.<\/span><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>\u00a0<\/span><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><strong><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>\u0130NOVASYON PAZARLARI\u00a0<\/span><\/strong><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>\u00a0<\/span><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>\u00c7in\u2019de uzun y\u0131llard\u0131r devlet yeni teknoloji \u015firketlerinin hisse senedi piyasalar\u0131ndan kaynak sa\u011flama olana\u011f\u0131n\u0131 art\u0131rmak i\u00e7in \u00e7abal\u0131yor.\u00a0<\/span><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>\u00a0<\/span><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>Bu do\u011frultuda 2009 y\u0131l\u0131nda yeni geli\u015fmekte olan \u015firketler i\u00e7in Shenzhen Borsas\u0131 b\u00fcnyesinde, halka arz ko\u015ful ve s\u00fcre\u00e7lerinin ana pazardan kolay oldu\u011fu bir geli\u015fen \u015firketler pazar\u0131, ChiNext olu\u015fturuldu. 2019 y\u0131l\u0131nda Shanghai Borsas\u0131 b\u00fcnyesinde teknoloji alan\u0131nda ba\u015far\u0131l\u0131 yeni \u015firketler i\u00e7in kolayl\u0131kla ve kan\u0131tlanm\u0131\u015f k\u00e2rl\u0131l\u0131k ko\u015fulu olmaks\u0131z\u0131n hisselerinin arz\u0131n\u0131 ger\u00e7ekle\u015ftirme olana\u011f\u0131 sa\u011flanaca\u011f\u0131 Yeni Teknoloji ve Bilimsel \u0130novasyon pazar\u0131 ya da \u0130ngilizce k\u0131sa ad\u0131yla STAR pazar\u0131 kuruldu. Ge\u00e7ti\u011fimiz y\u0131l ise \u00fclkenin Shanghai ve Shenzhen borsalar\u0131ndan sonra \u00fc\u00e7\u00fcnc\u00fc borsas\u0131 olarak ve yeni teknoloji \u015firketlerine odakl\u0131 faaliyet g\u00f6stermek \u00fczere Beijing borsas\u0131 kuruldu. \u00c7in\u2019de 2022 y\u0131l\u0131n\u0131n ilk 11 ay\u0131nda ger\u00e7ekle\u015fen halka a\u00e7\u0131lma i\u015flemlerinin y\u00fczde 80\u2019i bu pazarlarda ger\u00e7ekle\u015fti.<\/span><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>\u00a0<\/span><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><strong><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>TEKNOLOJ\u0130 SAVA\u015eLARININ KATKISI<\/span><\/strong><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>\u00a0<\/span><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>Halka arz i\u015flemlerinin \u00c7in\u2019de canl\u0131l\u0131\u011f\u0131n\u0131 korumas\u0131nda, ilgin\u00e7tir ama ABD ile ya\u015fanan \u00e7at\u0131\u015fma ve buna kar\u015f\u0131 \u00fclke y\u00f6netiminin uygulad\u0131\u011f\u0131 politikalar da \u00f6nemli rol oynuyor. Ge\u00e7ti\u011fimiz y\u0131l \u015fu s\u0131ralarda ABD borsalar\u0131nda 250 kadar \u00c7in \u015firketi, 2 trilyon ABD dolar\u0131n\u0131 a\u015fan piyasa de\u011feriyle i\u015flem g\u00f6r\u00fcyordu. Ancak bir yandan ABD y\u00f6netiminin bu konuda \u00c7inli \u015firketlerin i\u015fini zorla\u015ft\u0131ran giri\u015fimleri, bir yandan \u00c7in taraf\u0131n\u0131n \u00f6zellikle b\u00fcy\u00fck devlet \u015firketleri ve hassas teknoloji \u015firketlerinin ABD borsalar\u0131ndan \u00e7\u0131k\u0131p anakara \u00c7in ve Hong Kong borsalar\u0131nda hisse senedi arz\u0131na y\u00f6nlendirmesi, bu borsalarda i\u015flem hacminin artmas\u0131na katk\u0131 yapt\u0131. \u00c7in\u2019de halka arz faaliyetlerine en b\u00fcy\u00fck katk\u0131y\u0131 ise herhalde teknoloji sava\u015f\u0131 yap\u0131yor. Bu k\u00f6\u015fede ele alm\u0131\u015f oldu\u011fumuz gibi ABD, Trump d\u00f6neminden ba\u015flayarak kara listeye ald\u0131\u011f\u0131 \u00e7ok say\u0131da \u00c7in kurum ve kurulu\u015funa, ABD\u2019li \u015firketlerin ve Huawei \u00f6rne\u011finde di\u011fer \u00fclke \u015firketlerinin, \u00fcr\u00fcn, hizmet, bilgi sa\u011flamas\u0131n\u0131 yasakl\u0131yor. Ge\u00e7ti\u011fimiz haftalarda da bu politikay\u0131 geni\u015fleterek yapay zeka ve entegre devre \u00e7ip \u00fcretimi gibi alanlarda t\u00fcm \u00c7in\u2019e belli bir teknoloji d\u00fczeyinin \u00fczerinde \u00fcr\u00fcn, hizmet, bilgi sa\u011flanmas\u0131n\u0131 yasaklad\u0131. \u00c7in\u2019de bu politikalara cevap da \u00f6zellikle kritik teknoloji sekt\u00f6rlerinde faaliyet g\u00f6steren \u015firketlere b\u00fcy\u00fck boyutlarda kaynak aktarmak \u015feklinde oluyor. \u00d6te yandan, ABD yasaklar\u0131 nedeniyle belli \u00fcr\u00fcnlerin \u00c7in\u2019e sat\u0131lamamas\u0131, bu \u00fcr\u00fcnleri ikame edebilecek \u00fcr\u00fcnleri olan veya b\u00f6yle \u00fcr\u00fcnleri geli\u015ftirme yolunda olan \u00c7inli \u015firketler i\u00e7in b\u00fcy\u00fck pazarlar a\u00e7\u0131lmas\u0131 anlam\u0131na geliyor. Bir yandan devlet destekleri, bir yandan a\u00e7\u0131l\u0131veren pazarlar, bu \u015firketler i\u00e7in b\u00fcy\u00fck kazan\u00e7 potansiyeli sa\u011fl\u0131yor, bu da halka arz yoluyla kaynak sa\u011flama olanaklar\u0131n\u0131 art\u0131r\u0131yor. Bunun en g\u00fczel \u00f6rne\u011fini Hygon olu\u015fturuyor. \u015eirket, 2018 y\u0131l\u0131nda piyasaya Intel ile rekabet edebilecek \u00f6zelliklerde yerli bir bilgisayar i\u015flemcisi s\u00fcrd\u00fc, 2019 y\u0131l\u0131nda da ABD taraf\u0131ndan yasakl\u0131 listesine al\u0131nd\u0131. 2022 A\u011fustos ay\u0131nda Shanghai borsas\u0131 STAR pazar\u0131nda ilk halka arz\u0131n\u0131 ger\u00e7ekle\u015ftiren \u015firket 1.6 milyar dolar kaynak sa\u011flad\u0131 ve olu\u015fan hisse senedi fiyat\u0131yla \u015firketin piyasa de\u011feri 21 milyar dolara ula\u015ft\u0131.<\/span><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>\u00a0<\/span><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>\u00c7inli \u015firketler, anakara borsalar\u0131 d\u0131\u015f\u0131ndan da kaynak sa\u011fl\u0131yor. T\u00fcm d\u00fcnyada oldu\u011fu gibi 2022\u2019de halka arz i\u015flem hacmi zay\u0131flayan Hong Kong borsas\u0131ndan \u00c7inli \u015firketler 10 milyar dolar dolay\u0131nda kaynak sa\u011flad\u0131. \u00c7inli \u015firketlerin ABD borsalar\u0131nda halka a\u00e7\u0131larak kaynak sa\u011flama olana\u011f\u0131 gerginlikler nedeniyle \u00e7ok azald\u0131ysa da 2022 y\u0131l\u0131nda onun yerine Avrupa borsalar\u0131ndan, \u00f6zellikle Z\u00fcrih borsas\u0131ndan bu yolla birka\u00e7 milyar dolarl\u0131k kaynak sa\u011flad\u0131lar.<\/span><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>\u00a0<\/span><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>Sonu\u00e7, \u00c7inli \u015firketler i\u00e7in 2022, t\u00fcm olumsuz ko\u015fullara ra\u011fmen kaynak sa\u011flamak a\u00e7\u0131s\u0131ndan, d\u00fcnyan\u0131n geri kalan\u0131 ile kar\u015f\u0131la\u015ft\u0131r\u0131l\u0131nca fena bir y\u0131l olmayacak.\u00a0<\/span><\/p>","slug":"2022-yilinda-cin-teknoloji-sirketlerine-yatirim","tags":null,"meta_title":null,"meta_description":null,"meta_keywords":null,"news_cover_min":null,"news_cover":null,"news_video_min":null,"news_video":null,"view_count":1242,"cropped_1200x675":null,"user":{"id":2,"name":"FAT\u0130H","surname":"OKTAY","email":"ozansoy.tuna@akay.com","slug":"fatih-oktay","avatar":"\/front\/uploads\/avatar\/1733691600qSRn7kb3ZZVHU3t.webp","status":1,"role":1,"email_verified_at":null,"orde":null,"created_at":"2022-09-15T09:39:41.000000Z","updated_at":"2024-12-18T14:51:22.000000Z","seo_title":null,"seo_description":null},"translations":[{"id":36219,"is_featured":0,"is_amp":0,"is_ads":0,"ads_link":null,"post_id":36093,"locale":"tr","category_id":73,"title":"2022 y\u0131l\u0131nda \u00c7in teknoloji \u015firketlerine yat\u0131r\u0131m","home_title":null,"sub_title":null,"slider_title":null,"slider_title_2":null,"slider_spot_title":null,"slider_spot_title_2":null,"subtitleuse":0,"description":"FAT\u0130H OKTAY","content":"<p id=\"isPasted\" style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><strong><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>fatih@fatihoktay.com<\/span><\/strong><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>\u00a0<\/span><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>\u00c7inli \u015firketler, 2022 Kas\u0131m ay\u0131 sonu itibariyle anakara \u00c7in borsalar\u0131nda halka a\u00e7\u0131larak, yakla\u015f\u0131k 90 milyar ABD dolar\u0131 tutar\u0131nda kaynak sa\u011flam\u0131\u015f durumdayd\u0131. Bu, ge\u00e7en y\u0131la g\u00f6re sadece birka\u00e7 puanl\u0131k bir y\u00fczde art\u0131\u015f anlam\u0131na geliyor. Ancak bu tutar, bu s\u00fcre i\u00e7inde t\u00fcm d\u00fcnyada \u015firketlerin halka a\u00e7\u0131lma yoluyla sa\u011flad\u0131klar\u0131 yakla\u015f\u0131k 180 milyar dolar\u0131n yar\u0131s\u0131n\u0131 olu\u015fturuyor ve bu a\u00e7\u0131dan \u00c7in\u2019i \u00fclke, Shanghai ve Shenzhen borsalar\u0131n\u0131 da borsa s\u0131ralamas\u0131nda d\u00fcnyada en \u00f6ne ta\u015f\u0131yor. ABD\u2019de ve AB\u2019de ayn\u0131 d\u00f6nemde halka a\u00e7\u0131lmayla sa\u011flanan kaynak tutar\u0131 20\u2019\u015fer milyar ABD dolar\u0131 dolaylar\u0131ndayd\u0131.<\/span><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>\u00a0<\/span><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>Ge\u00e7ti\u011fimiz y\u0131l t\u00fcm d\u00fcnyada \u015firketlerce halka a\u00e7\u0131lma yoluyla sa\u011flanan kaynak tutar\u0131 500 milyar ABD dolar\u0131na yakla\u015f\u0131yordu. Bunun, toplam\u0131n \u00fc\u00e7te biri ABD\u2019de, NASDAQ ve New York borsalar\u0131nda ger\u00e7ekle\u015fmi\u015fti. \u00c7in\u2019in pay\u0131 ise y\u00fczde 10\u2019lar d\u00fczeyindeydi. 2022\u2019de ger\u00e7ekle\u015fen bu b\u00fcy\u00fck de\u011fi\u015fikli\u011fin nedeni, di\u011fer ekonomilerde uluslararas\u0131 gerginlikler, artan enflasyonun getirdi\u011fi belirsizlikler ve faiz oran\u0131 art\u0131\u015flar\u0131, borsalardaki zay\u0131fl\u0131k gibi nedenlerle i\u015flem hacminde b\u00fcy\u00fck bir azalma olurken, \u00c7in\u2019de olmamas\u0131yd\u0131. \u00c7in\u2019de halka arz i\u015flemlerinin di\u011fer ekonomilerdeki gibi d\u00fc\u015fmemesinde, \u00fclkede enflasyonda bir y\u00fckseli\u015f ve buna ba\u011fl\u0131 faiz oran\u0131 art\u0131\u015flar\u0131n\u0131n olmamas\u0131, tersine destekleyici parasal ve mali politikalar uygulanmas\u0131n\u0131n rol\u00fc var. Ancak daha b\u00fcy\u00fck rol\u00fc, devlet politikalar\u0131 oynuyor.<\/span><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>\u00a0<\/span><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><strong><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>\u0130NOVASYON PAZARLARI\u00a0<\/span><\/strong><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>\u00a0<\/span><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>\u00c7in\u2019de uzun y\u0131llard\u0131r devlet yeni teknoloji \u015firketlerinin hisse senedi piyasalar\u0131ndan kaynak sa\u011flama olana\u011f\u0131n\u0131 art\u0131rmak i\u00e7in \u00e7abal\u0131yor.\u00a0<\/span><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>\u00a0<\/span><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>Bu do\u011frultuda 2009 y\u0131l\u0131nda yeni geli\u015fmekte olan \u015firketler i\u00e7in Shenzhen Borsas\u0131 b\u00fcnyesinde, halka arz ko\u015ful ve s\u00fcre\u00e7lerinin ana pazardan kolay oldu\u011fu bir geli\u015fen \u015firketler pazar\u0131, ChiNext olu\u015fturuldu. 2019 y\u0131l\u0131nda Shanghai Borsas\u0131 b\u00fcnyesinde teknoloji alan\u0131nda ba\u015far\u0131l\u0131 yeni \u015firketler i\u00e7in kolayl\u0131kla ve kan\u0131tlanm\u0131\u015f k\u00e2rl\u0131l\u0131k ko\u015fulu olmaks\u0131z\u0131n hisselerinin arz\u0131n\u0131 ger\u00e7ekle\u015ftirme olana\u011f\u0131 sa\u011flanaca\u011f\u0131 Yeni Teknoloji ve Bilimsel \u0130novasyon pazar\u0131 ya da \u0130ngilizce k\u0131sa ad\u0131yla STAR pazar\u0131 kuruldu. Ge\u00e7ti\u011fimiz y\u0131l ise \u00fclkenin Shanghai ve Shenzhen borsalar\u0131ndan sonra \u00fc\u00e7\u00fcnc\u00fc borsas\u0131 olarak ve yeni teknoloji \u015firketlerine odakl\u0131 faaliyet g\u00f6stermek \u00fczere Beijing borsas\u0131 kuruldu. \u00c7in\u2019de 2022 y\u0131l\u0131n\u0131n ilk 11 ay\u0131nda ger\u00e7ekle\u015fen halka a\u00e7\u0131lma i\u015flemlerinin y\u00fczde 80\u2019i bu pazarlarda ger\u00e7ekle\u015fti.<\/span><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>\u00a0<\/span><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><strong><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>TEKNOLOJ\u0130 SAVA\u015eLARININ KATKISI<\/span><\/strong><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>\u00a0<\/span><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>Halka arz i\u015flemlerinin \u00c7in\u2019de canl\u0131l\u0131\u011f\u0131n\u0131 korumas\u0131nda, ilgin\u00e7tir ama ABD ile ya\u015fanan \u00e7at\u0131\u015fma ve buna kar\u015f\u0131 \u00fclke y\u00f6netiminin uygulad\u0131\u011f\u0131 politikalar da \u00f6nemli rol oynuyor. Ge\u00e7ti\u011fimiz y\u0131l \u015fu s\u0131ralarda ABD borsalar\u0131nda 250 kadar \u00c7in \u015firketi, 2 trilyon ABD dolar\u0131n\u0131 a\u015fan piyasa de\u011feriyle i\u015flem g\u00f6r\u00fcyordu. Ancak bir yandan ABD y\u00f6netiminin bu konuda \u00c7inli \u015firketlerin i\u015fini zorla\u015ft\u0131ran giri\u015fimleri, bir yandan \u00c7in taraf\u0131n\u0131n \u00f6zellikle b\u00fcy\u00fck devlet \u015firketleri ve hassas teknoloji \u015firketlerinin ABD borsalar\u0131ndan \u00e7\u0131k\u0131p anakara \u00c7in ve Hong Kong borsalar\u0131nda hisse senedi arz\u0131na y\u00f6nlendirmesi, bu borsalarda i\u015flem hacminin artmas\u0131na katk\u0131 yapt\u0131. \u00c7in\u2019de halka arz faaliyetlerine en b\u00fcy\u00fck katk\u0131y\u0131 ise herhalde teknoloji sava\u015f\u0131 yap\u0131yor. Bu k\u00f6\u015fede ele alm\u0131\u015f oldu\u011fumuz gibi ABD, Trump d\u00f6neminden ba\u015flayarak kara listeye ald\u0131\u011f\u0131 \u00e7ok say\u0131da \u00c7in kurum ve kurulu\u015funa, ABD\u2019li \u015firketlerin ve Huawei \u00f6rne\u011finde di\u011fer \u00fclke \u015firketlerinin, \u00fcr\u00fcn, hizmet, bilgi sa\u011flamas\u0131n\u0131 yasakl\u0131yor. Ge\u00e7ti\u011fimiz haftalarda da bu politikay\u0131 geni\u015fleterek yapay zeka ve entegre devre \u00e7ip \u00fcretimi gibi alanlarda t\u00fcm \u00c7in\u2019e belli bir teknoloji d\u00fczeyinin \u00fczerinde \u00fcr\u00fcn, hizmet, bilgi sa\u011flanmas\u0131n\u0131 yasaklad\u0131. \u00c7in\u2019de bu politikalara cevap da \u00f6zellikle kritik teknoloji sekt\u00f6rlerinde faaliyet g\u00f6steren \u015firketlere b\u00fcy\u00fck boyutlarda kaynak aktarmak \u015feklinde oluyor. \u00d6te yandan, ABD yasaklar\u0131 nedeniyle belli \u00fcr\u00fcnlerin \u00c7in\u2019e sat\u0131lamamas\u0131, bu \u00fcr\u00fcnleri ikame edebilecek \u00fcr\u00fcnleri olan veya b\u00f6yle \u00fcr\u00fcnleri geli\u015ftirme yolunda olan \u00c7inli \u015firketler i\u00e7in b\u00fcy\u00fck pazarlar a\u00e7\u0131lmas\u0131 anlam\u0131na geliyor. Bir yandan devlet destekleri, bir yandan a\u00e7\u0131l\u0131veren pazarlar, bu \u015firketler i\u00e7in b\u00fcy\u00fck kazan\u00e7 potansiyeli sa\u011fl\u0131yor, bu da halka arz yoluyla kaynak sa\u011flama olanaklar\u0131n\u0131 art\u0131r\u0131yor. Bunun en g\u00fczel \u00f6rne\u011fini Hygon olu\u015fturuyor. \u015eirket, 2018 y\u0131l\u0131nda piyasaya Intel ile rekabet edebilecek \u00f6zelliklerde yerli bir bilgisayar i\u015flemcisi s\u00fcrd\u00fc, 2019 y\u0131l\u0131nda da ABD taraf\u0131ndan yasakl\u0131 listesine al\u0131nd\u0131. 2022 A\u011fustos ay\u0131nda Shanghai borsas\u0131 STAR pazar\u0131nda ilk halka arz\u0131n\u0131 ger\u00e7ekle\u015ftiren \u015firket 1.6 milyar dolar kaynak sa\u011flad\u0131 ve olu\u015fan hisse senedi fiyat\u0131yla \u015firketin piyasa de\u011feri 21 milyar dolara ula\u015ft\u0131.<\/span><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>\u00a0<\/span><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>\u00c7inli \u015firketler, anakara borsalar\u0131 d\u0131\u015f\u0131ndan da kaynak sa\u011fl\u0131yor. T\u00fcm d\u00fcnyada oldu\u011fu gibi 2022\u2019de halka arz i\u015flem hacmi zay\u0131flayan Hong Kong borsas\u0131ndan \u00c7inli \u015firketler 10 milyar dolar dolay\u0131nda kaynak sa\u011flad\u0131. \u00c7inli \u015firketlerin ABD borsalar\u0131nda halka a\u00e7\u0131larak kaynak sa\u011flama olana\u011f\u0131 gerginlikler nedeniyle \u00e7ok azald\u0131ysa da 2022 y\u0131l\u0131nda onun yerine Avrupa borsalar\u0131ndan, \u00f6zellikle Z\u00fcrih borsas\u0131ndan bu yolla birka\u00e7 milyar dolarl\u0131k kaynak sa\u011flad\u0131lar.<\/span><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>\u00a0<\/span><\/p><p style='margin-top:0cm;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:\"Calibri\",sans-serif;'><span style='font-size:16px;font-family:\"Helvetica\",sans-serif;'>Sonu\u00e7, \u00c7inli \u015firketler i\u00e7in 2022, t\u00fcm olumsuz ko\u015fullara ra\u011fmen kaynak sa\u011flamak a\u00e7\u0131s\u0131ndan, d\u00fcnyan\u0131n geri kalan\u0131 ile kar\u015f\u0131la\u015ft\u0131r\u0131l\u0131nca fena bir y\u0131l olmayacak.\u00a0<\/span><\/p>","slug":"2022-yilinda-cin-teknoloji-sirketlerine-yatirim","orjinalimage":null,"news_cover_min":null,"news_cover":null,"news_video_min":null,"news_video":null,"cropped_638x552":null,"cropped_310x208":null,"cropped_416x247":null,"cropped_197x247":null,"cropped_416x600":null,"cropped_1200x675":null,"tags":null,"meta_title":null,"meta_description":null,"meta_keywords":null,"view_count":1242,"yt":0,"ytid":"","ytimage":null,"imgdate":"2000-01-01 00:00:00","cuff_cover":null,"cropped_358x214":null,"cropped_842x474":null}]}}