Our Partner Ms. Rossana Chu was interviewed by Hong Kong Economic Journal in the article entitled “中企弃港赴美追逐上市梦 ” (Chinese companies abandon Hong Kong and go public in United States) and shared her comments on the issues of Hong Kong IPOs. The article was published on Hong Kong Economic Journal Monthly Issue No. 567, 6/2024.
Abstract:
Chinese companies abandon Hong Kong and go public in United States - The industry worries that Hong Kong IPOs cannot go up-market or accept down-market
Hong Kong has always been proud of its comprehensive and professional IPO industry chain and has been the preferred listing venue for mainland Chinese companies for a long time. However, the economies and stock markets of the mainland and Hong Kong are weak, and corporate profits drop heavily. Hong Kong's high threshold listing requirements are fencing off the IPOs of small and medium-sized enterprises which may then give up Hong Kong and go listing in the United States. The financial industry urges the Hong Kong Stock Exchange to keep an open mind, focus more on development rather than mostly on regulation, and not to target merely on mega IPOs.
YYC Legal LLP is in Association with East & Concord Partners (Hong Kong) Law Firm.
To read the article, please visit Hong Kong Economic Journal Monthly Issue No. 567, 6/2024 >> 中企弃港赴美追逐上市梦 - (Chinese version only)