Reported about 12 hours ago
In response to increased market volatility, Hong Kong has implemented a new rule allowing companies to file for listings confidentially. This has led to at least two dozen Chinese firms, including AI and biotech companies, applying for listings without disclosing sensitive business information. The confidential filing mechanism is expected to strengthen Hong Kong's position as a preferred venue for Chinese companies seeking to raise capital, especially as fierce competition exists with other major markets like New York.
Source: YAHOO