bodyType

customContents

entityId

entityUuid

articlePageQuery

filter

article

articleBaseAdvertisingInfoArticle

articleListArticle

articleSeoArticle

hooksArticleAcknowledgementGateOverlayArticle

hooksTrackPageViewArticle

hooksContentInterestArticle

articleLinkingDataContent

hooksAmpRedirectArticle

articleSchemaContent

liveArticle

advertZone

sentiment

contentLock

topics

types

sections

paywallTypes

createdDate

publishedDate

sponsorType

urlAlias

moreOnThisArticles

commentCount

authorLocations

authors

corrections

displaySlideShow

multimediaEmbed

printHeadline

seriesContainer

articleSpeeches

socialHeadline

headline

images

flag

firstTopic

glossary

flattenTypeIds

image

relatedLinks

relatedNewsletters

__typename

sponsor

pdfFiles

seriesReverseOrder

series

disableOffPlatformContent

published

updatedDate

summary

subHeadline

body

keywords

readingTime

customTimezone

liveContents

Enoch Yiu

Hong Kong's top financial officials are  holding their own roadshow to promote Hong Kong as a capital market in the Asia-Pacific as the listing of mainland firms slows.
Heading the  delegation will be Secretary for Financial Services and the Treasury Chan Ka-keung (below),  who together with Hong Kong Exchanges and Clearing officers, investment bankers and brokers, will host a forum on initial public offerings  in  Ho Chi Minh City  today.
Calling Vietnam, his choice of a destination for his maiden mission  abroad,  a 'mini China', Mr Chan noted the country's high growth which averaged 8.1 per cent  a year from 2004 to  last year.
For this year, the IMF growth forecast for the country in real terms  is 8.3 per cent.
Vietnam was  Hong Kong's 12th-largest trading partner in Asia last year.
Analysts say officials are going all out to attract companies from other parts of Asia because the mainland is encouraging companies to list domestically.
Mr Chan rejected this.  'It is our established  policy to reinforce Hong Kong's status as a preferred listing platform and capital formation  centre by attracting quality enterprises from all over the world, regardless of  where they are incorporated,' he said.
No Vietnamese company  is yet listed here but Mr Chan said Hong Kong would be ideal for enterprises from the emerging country to raise funds.
'Enterprises around the globe are attracted to our capital market for efficient access to capital, up-to-date corporate governance guidelines and internationally recognised regulatory standards for the badge of quality,' Mr Chan said.
The State Securities Commission of Vietnam and  Hong Kong's Securities and Futures Commission  belong to the International Organisation of Securities Commission, a status that enables the two to monitor cross-border regulations in the eventuality of inter-country listings.
Financial Secretary John Tsang Chun-wah will lead a  delegation  that will visit India next month while Mr Chan  has more overseas visits  planned for next year.
Besides the government officials, the HKEx has also  been stepping up efforts to promote the city as a preferred listing venue. Exchange officials will visit various mainland cities and other destinations including Vietnam, Thailand, Taiwan, Malaysia, Kazakhstan, Russia, South Korea, Japan, India and Mongolia.



Vietnam first stop in quest for quality IPOs