Over 150 firms hoping to list in Hong Kong: HKEX
Over 150 firms hoping to list in Hong Kong: HKEX
HKEX chief executive officer Bonnie Chan says over 150 firms are looking to list in Hong Kong. Photo: RTHK
CEO of Hong Kong Exchanges and Clearing (HKEX) Bonnie Chan said on Wednesday that more than 150 companies are lining up to list in the city, thanks to surging interest from mainland firms seeking to explore foreign markets.
Chan said many companies eye offshore fundraising platforms to boost foreign currency reserves to support their overseas market plans.
At the Greater China Private Equity Summit, Chan said some mainland firms listed in the US are also weighing up "homecoming" plans, amid de-listing threats by some US lawmakers.
"There are still obviously some big names," Chan said.
"I met with many of them in the past few weeks, and they share with me that their shareholders are very keen to make sure that they have a plan B.
"That threat of de-listing may never realise, but it's good to have a plan B," she told participants of a forum.
Unicorns and innovative companies are also interested in listing in the SAR, Chan added, noting that the city's stock exchange operator has been carrying out reforms to assist such firms.
Separately, Chan noted that Hong Kong-listed firms, with their attractive valuations and solid fundamentals, can seize the opportunity to attract global capital, as quality funds and investors are reassessing their investment portfolio allocations following volatilities stemming from a recent retreat in US dollar-denominated assets.
She cited examples such as the latest successful listing of Contemporary Amperex Technology Co., Limited (CATL) that has attracted investors from the Middle East and Europe, noting that stable and certain policies are one of the key considerations when global funds re-allocate their investments.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
RTHK
2 hours ago
- RTHK
More car spaces 'key to easing Yau Tsim Mong woes'
More car spaces 'key to easing Yau Tsim Mong woes' The party says the additional parking spaces can be carved out from land allocated for the Central Kowloon Route project. Photo: RTHK The DAB is proposing that Yau Tsim Mong gets more than 200 additional parking spaces. The suggestion is made in light of the seriousness of illegal parking in the district, which accounts for one third of Hong Kong's parking tickets handed out by the Kowloon West police region last year. According to the Transport and Logistics Bureau in April, the amount collected from those tickets alone came in at more than HK$260 million. The party says that the main solution should be more parking spaces and better management of existing ones. "So our party argues that simply by increasing parking fees may not solve the underlying issue of insufficient supply," said a district council member Benjamin Choi. "The only long-term and constructive solution is to increase the number of parking the worsening traffic congestion problems can then be resolved." The DAB said the government can make use of part of the area allocated to the Central Kowloon Route project to build a smart underground car park as well as add more parking meters in the area. It also suggests greater promotion of available spaces through the app HKeMeter. For instance, there are spaces at West Kowloon Government Offices during non-office hours or around Kowloon Park that the DAB says do not get enough promotion. "We will follow up on our advice and also arrange meetings with government officials to see how we can push forward with our advice," Choi said.
South China Morning Post
3 hours ago
- South China Morning Post
Hong Kong to stick with 2% to 3% growth goal despite strong first quarter: Chan
Hong Kong will maintain its economic growth target of between 2 and 3 per cent for this year, the city's finance chief has said, while describing the anticipated rapid gains in the first quarter as an 'exception' rather than the norm. Financial Secretary Paul Chan Mo-po also said on Monday that authorities would 'prepare for the worst' despite the easing of tariffs amid the US-China trade war, but added that the recent rise in tourism would help offset sluggish domestic consumption. The government earlier set its growth forecast for gross domestic product at between 2 and 3 per cent for the year, following a 2.5 per cent year-on-year expansion in 2024. 'The overall growth forecast has not been adjusted upwards despite [the first quarter's] performance,' Chan told lawmakers on Monday. 'That's because the rapid growth in the first quarter was the exception rather than the norm, and there may be wild changes in the US government's policy. 'So we have to manage our risks. We have to prepare for the worst.'
South China Morning Post
4 hours ago
- South China Morning Post
Traffic in Hong Kong's Tai Lam Tunnel up 10% on first day under government control
The Tai Lam Tunnel in Hong Kong's New Territories has seen a 10 per cent increase in traffic on its first day of operations after authorities took control and introduced cheaper fees. Advertisement Mable Chan, Secretary of Transport and Logistics, said on Monday that the government would also review the pricing at the Aberdeen and Shing Mun Tunnels as the electronic toll payment system across the city was completed. The government took control of Tai Lam Tunnel, which connects Yuen Long with western Tsuen Wan, in the early hours of Saturday after a 30-year franchise ended. Chan said traffic had increased by 10 per cent between midnight and 6am on Monday as she inspected the situation at the site in the morning, the first day of operations after the government's takeover of the tunnel. She also revealed that the traffic flow on June 1 increased by 40 per cent compared to previous Sundays. Advertisement Chan attributed the rise to the 'significant drop' in toll fees for private vehicles from HK$58 (US$7.40) to a fixed toll of HK$18 throughout the day on Sundays and general holidays
