The amount raised in Hong Kong under the revamped rules paints a favourable picture, with nine biotech IPOs in the year to April 17 raising a combined US$3.8 billion. Photo: Bloomberg

A year after Hong Kong’s stock listing overhaul, city’s aim to be Asia’s biotech hub is still a work in progress

  • Less than 10 firms have taken advantage of the radical listing reforms, but their IPO proceeds are the second biggest worldwide
  • Challenges ahead as Shanghai’s new tech board attracts large number of applicants
Topic |   IPO

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The amount raised in Hong Kong under the revamped rules paints a favourable picture, with nine biotech IPOs in the year to April 17 raising a combined US$3.8 billion. Photo: Bloomberg
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Enoch Yiu

Enoch Yiu

Enoch joined the Post as a business reporter in 1996. Before that, she worked at a Chinese daily newspaper for four years. She is author of two books: 'They Mean Business: 50 exclusive interviews with Hong Kong top executives' and 'Serving with Passion: stories of established catering brands in Hong Kong'.