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Christopher Hui: HKEX Bending over Backwards to Attract CN ADRs for Listing in HK
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While the U.S. government may purportedly advance plans to delist Chinese concept stocks from U.S. exchanges, Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui, revealed that there are approximately 300-400 Chinese ADR companies listed overseas, with those already listed in Hong Kong accounting for 70% of their total market cap. The Hong Kong Stock Exchange has been bending over backwards to attract Chinese concept stocks to list in Hong Kong, welcoming all companies that meet listing requirements, Hui said. Hui emphasized that Hong Kong’s stock and foreign exchange markets are operating smoothly, noting that various policies may wreak short-term market fluctuations, but the government will ensure markets function effectively across different economic cycles or conditions. Despite short-term market changes, Hui believed the demand for personal wealth growth, preservation, and corporate development persists. AAStocks Financial News |
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