Hong Kong’s IPO market still lags behind other exchanges

Financial Times LogoFinancial Times1 mo ago

Hong Kong’s IPO market still lags behind other exchanges

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Meanwhile, almost all share offers by high-end manufacturing and renewables companies in China are going to Shanghai and Shenzhen, with mainland IPO proceeds climbing to about $35bn this year.

In May, Liu He, a vice-premier and President Xi Jinping’s closest economic adviser, said China should better “balance the relationship between the government and the market, and support digital companies to list on domestic and foreign exchanges”, according to state media.

Reforms in January allowing special-purpose acquisition vehicles to sell shares in Hong Kong came after global interest in spac listings was drying up, and only one has since bothered to go public in the territory.

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Article Details

Author / Journalist: Hudson Lockett

Category: MarketsFinanceInvesting

Topics: Listings Been Kong Last Year Companies Hong Global Financial Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-04, 23:01:25

News Timezone: GMT -5:00

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Language: English

Reading Time: 6 minutes read

Article Length: 901 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 29912

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