Latest news with #HongKongExchangesandClearing
RTHK
28-05-2025
- Business
- RTHK
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.
Business Times
18-05-2025
- Business
- Business Times
Some China companies eyeing Singapore listings to expand markets amid trade war: sources
AT LEAST five companies from mainland China or Hong Kong are planning IPOs, dual listings, or share placements in Singapore in the next 12 to 18 months, four sources said, as Chinese firms look to expand in South-east Asia amid global trade tensions. The companies include a Chinese energy company, a Chinese healthcare group and a Shanghai-based biotech group, said the sources, who have direct knowledge of the matter, but declined to be named or to name the firms as the plans are not finalised. The listings would give a boost to Singapore Exchange (SGX), which, despite being a popular venue for yield plays such as real estate investment trusts, has been struggling to attract mega listings and bolster trading volumes. SGX hosted just four initial public offerings in 2024, according to its website. That compares with 71 new company listings recorded by its rival regional bourse Hong Kong Exchanges and Clearing. Chinese companies are looking to tap the Singaporean bourse as they look to enter, or expand business in, South-east Asia amid a trade war with the United States, said Jason Saw, investment banking group head at CGS International Securities. US President Donald Trump imposed tariffs of 145 per cent on imports of Chinese goods, and China in turn raised tariffs on US goods to 125 per cent, before the two sides agreed a 90-day pause last weekend. But uncertainty remains, given the time limit and the Trump administration's unpredictability. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Enquiries about listings on SGX 'shot through the roof' after Trump ramped up his trade actions against China, Saw said. 'For the next years and decades, gateways from China to the world are going to be more important,' said Pol de Win, senior managing director and head of global sales and origination at SGX. 'Singapore is an important gateway, whether it's trade (or) business activity from China to the outside world, and a listing in Singapore is an important component of that.' De Win did not mention the listing plans of the Chinese and Hong Kong firms. 'Growing interest' CGS International, a unit of state-owned brokerage China Galaxy Securities, is working with at least two China-based companies to list on the SGX as early as this year, according to Saw. He declined to name the companies. Some of the mainland Chinese and Hong Kong companies could raise around US$100 million via primary listings in Singapore, said one source. SGX is usually not the first choice for Chinese companies eyeing an offshore market debut. Most of them prefer Hong Kong due to Beijing's support and a large pool of institutional and retail investors more familiar with Chinese brands. Beijing's efforts to boost ties with South-east Asia, amid escalating tension with Washington, have, however, encouraged some Chinese companies to increase their presence in the region, capital market advisers said. The listing plans in Singapore come after the city-state in February announced measures to strengthen its equities market, which included a 20 per cent tax rebate for primary listings, and vowed to unveil a next set of measures in the second half of 2025. The initiatives are set to boost interest in the local IPO market, said Ringo Choi, EY's Asia-Pacific IPO Leader, adding that Singapore's 'political stability and neutral stance' on geopolitical matters should appeal to companies. Not many, however, see Singapore closing its gap with Hong Kong in equity listings in the near future, due to factors including Singapore's relatively conservative investors and stricter listing requirements. 'You need to make it easier for companies, especially technology companies, to list,' said the managing director of a Singapore-based multinational software company, who declined to be named as he was not authorised to speak to the media. 'Most of the startups in the region are headquartered in Singapore, so this should be the place they list.' REUTERS
Business Times
18-05-2025
- Business
- Business Times
Some Chinese companies eye Singapore listings to expand markets amid trade war: sources
AT LEAST five companies from mainland China or Hong Kong are planning IPOs, dual listings, or share placements in Singapore in the next 12 to 18 months, four sources said, as Chinese firms look to expand in South-east Asia amid global trade tensions. The companies include a Chinese energy company, a Chinese healthcare group and a Shanghai-based biotech group, said the sources, who have direct knowledge of the matter, but declined to be named or to name the firms as the plans are not finalised. The listings would give a boost to Singapore Exchange (SGX), which, despite being a popular venue for yield plays such as real estate investment trusts, has been struggling to attract mega listings and bolster trading volumes. SGX hosted just four initial public offerings in 2024, according to its website. That compares with 71 new company listings recorded by its rival regional bourse Hong Kong Exchanges and Clearing. Chinese companies are looking to tap the Singaporean bourse as they look to enter, or expand business in, South-east Asia amid a trade war with the United States, said Jason Saw, investment banking group head at CGS International Securities. US President Donald Trump imposed tariffs of 145 per cent on imports of Chinese goods, and China in turn raised tariffs on US goods to 125 per cent, before the two sides agreed a 90-day pause last weekend. But uncertainty remains, given the time limit and the Trump administration's unpredictability. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Enquiries about listings on SGX 'shot through the roof' after Trump ramped up his trade actions against China, Saw said. 'For the next years and decades, gateways from China to the world are going to be more important,' said Pol de Win, senior managing director and head of global sales and origination at SGX. 'Singapore is an important gateway, whether it's trade (or) business activity from China to the outside world, and a listing in Singapore is an important component of that.' De Win did not mention the listing plans of the Chinese and Hong Kong firms. 'Growing interest' CGS International, a unit of state-owned brokerage China Galaxy Securities, is working with at least two China-based companies to list on the SGX as early as this year, according to Saw. He declined to name the companies. Some of the mainland Chinese and Hong Kong companies could raise around US$100 million via primary listings in Singapore, said one source. SGX is usually not the first choice for Chinese companies eyeing an offshore market debut. Most of them prefer Hong Kong due to Beijing's support and a large pool of institutional and retail investors more familiar with Chinese brands. Beijing's efforts to boost ties with South-east Asia, amid escalating tension with Washington, have, however, encouraged some Chinese companies to increase their presence in the region, capital market advisers said. The listing plans in Singapore come after the city-state in February announced measures to strengthen its equities market, which included a 20 per cent tax rebate for primary listings, and vowed to unveil a next set of measures in the second half of 2025. The initiatives are set to boost interest in the local IPO market, said Ringo Choi, EY's Asia-Pacific IPO Leader, adding that Singapore's 'political stability and neutral stance' on geopolitical matters should appeal to companies. Not many, however, see Singapore closing its gap with Hong Kong in equity listings in the near future, due to factors including Singapore's relatively conservative investors and stricter listing requirements. 'You need to make it easier for companies, especially technology companies, to list,' said the managing director of a Singapore-based multinational software company, who declined to be named as he was not authorised to speak to the media. 'Most of the startups in the region are headquartered in Singapore, so this should be the place they list.' REUTERS
Straits Times
18-05-2025
- Business
- Straits Times
Some Chinese companies eye Singapore listings to expand markets amid trade war
SGX hosted just four initial public offerings in 2024, according to its website. ST PHOTO: LIM YAOHUI SINGAPORE - At least five companies from China or Hong Kong are planning IPOs, dual listings, or share placements in Singapore in the next 12 to 18 months, four sources said, as Chinese firms look to expand in South-east Asia amid global trade tensions. The companies include a Chinese energy company, a Chinese healthcare group, and a Shanghai-based biotech group, said the sources, who have direct knowledge of the matter, but declined to be named or to name the firms as the plans are not finalised. The listings would give a boost to Singapore Exchange (SGX), which, despite being a popular venue for yield plays such as real estate investment trusts, has been struggling to attract mega listings and bolster trading volumes. SGX hosted just four initial public offerings in 2024, according to its website. That compares with 71 new company listings recorded by its rival regional bourse Hong Kong Exchanges and Clearing. Chinese companies are looking to tap the Singaporean bourse as they look to enter, or expand business in, South-east Asia amid a trade war with the United States, Mr Jason Saw, investment banking group head at CGS International Securities, said. US President Donald Trump imposed tariffs of 145 per cent on imports of Chinese goods, and China in turn raised tariffs on US goods to 125 per cent, before the two sides agreed a 90-day pause last weekend. But uncertainty remains, given the time limit and the Trump administration's unpredictability. Enquiries about listings on SGX 'shot through the roof' after Mr Trump ramped up his trade actions against China, Mr Saw said. 'For the next years and decades, gateways from China to the world are going to be more important,' said Mr Pol de Win, senior managing director and head of global sales and origination at SGX. 'Singapore is an important gateway, whether it's trade (or) business activity from China to the outside world, and a listing in Singapore is an important component of that.' Mr De Win did not mention the listing plans of the Chinese and Hong Kong firms. 'Growing interest' CGS International, a unit of state-owned brokerage China Galaxy Securities, is working with at least two China-based companies to list on the SGX as early as this year, according to Mr Saw. He declined to name the companies. Some of the mainland Chinese and Hong Kong companies could raise around US$100 million (S$129.74 million) via primary listings in Singapore, said one of the sources. SGX is usually not the first choice for Chinese companies eyeing an offshore market debut. Most of them prefer Hong Kong due to Beijing's support and a large pool of institutional and retail investors more familiar with Chinese brands. Beijing's efforts to boost ties with South-east Asia, amid escalating tension with Washington, have, however, encouraged some Chinese companies to increase their presence in the region, capital market advisers said. The listing plans in Singapore come after the city-state in February announced measures to strengthen its equities market, which included a 20 per cent tax rebate for primary listings, and vowed to unveil a next set of measures in the second half of 2025. The initiatives are set to boost interest in the local IPO market, said Mr Ringo Choi, EY's Asia Pacific IPO Leader, adding that Singapore's 'political stability and neutral stance' on geopolitical matters should appeal to companies. Not many, however, see Singapore closing its gap with Hong Kong in equity listings in the near future, due to factors including Singapore's relatively conservative investors and stricter listing requirements. 'You need to make it easier for companies, especially technology companies, to list,' said the managing director of a Singapore-based multinational software company, who declined to be named as he was not authorised to speak to the media. 'Most of the start-ups in the region are headquartered in Singapore, so this should be the place they list.' REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
Business Times
06-05-2025
- Business
- Business Times
Hong Kong launches new measures to attract more tech, bio listings
[HONG KONG] Hong Kong launched a scheme on Tuesday (May 6) to offer smoother listings for tech companies on its stock exchange, as it looks to capitalise on Chinese companies' growing appetite to raise funds offshore. The new 'technology enterprises channel' will make new listings easier for specialist technology and biotechnology firms, the bourse operator and Hong Kong's Securities and Futures Commission said in a joint statement. Under the scheme, the exchange, a unit of Hong Kong Exchanges and Clearing, will provide guidance on the eligibility and suitability for listing for prospective companies. Applicants can confidentially file for initial public offerings, as disclosures of their operational strategies may pose heightened risk compared with other industries, the statement said. It also allows tech firms to list with a weighted voting rights (WVR) structure, which allows companies to hold shares that carry extra voting rights, provided they meet certain requirements. Hong Kong is the main destination for mainland Chinese firms looking to raise capital offshore, and bankers have said that mainland firms, mainly those in the tech sector, are accelerating plans to raise money offshore. Hong Kong authorities had first announced the technology enterprises channel in February. REUTERS
