Hong Kong eyes moves to attract IPOs of mainland Chinese, Middle Eastern firms to spur stock market, Paul Chan says
- The government is actively engaging with mainland Chinese regulators to speed up the approval process for companies listing in the city, finance minister says
- New measures will also be rolled out to attract family offices and wealthy individuals, as well as strengthen the asset and wealth management segments
Hong Kong will encourage more companies from mainland China, Middle East and Southeast Asia to list in the city as part of the government’s initiative to revive its sluggish financial market, according to Financial Secretary Paul Chan Mo-po.
The government is actively engaging with regulatory authorities on the mainland to expedite the approval process for companies listing in Hong Kong, Chan said at the Hong Kong Capital Markets Forum on Tuesday.
The aim is to continue revitalising Hong Kong’s financial market, he said at the forum, where participants from the finance industry, government agencies and academia discuss the prospects of the city’s markets, and explore policies and methods to attract domestic and international investors.
“The focus is to attract more high-quality mainland and international companies to list and raise funds in Hong Kong.”
Hong Kong will also strengthen connectivity with mainland markets and reinforce its role as an offshore yuan hub, Chan said.