Reported about 1 year ago
Under the backdrop of strict IPO reviews in mainland China, the number of mainland enterprises seeking listings in Hong Kong continues to increase. As of the end of May this year, 21 companies have been listed on the Hong Kong Stock Exchange, raising a total of approximately HK$9.6 billion. Over 100 companies, with mainland companies as the main force, have submitted listing applications to the Hong Kong Stock Exchange. At least 15 automotive industry chain companies are expected to seek a listing on the Hong Kong stock market this year, including those in battery materials, smart driving, and transportation sectors. The Hong Kong stock market, known for its international financial center influence, is becoming an attractive destination for these companies looking to go public due to its lower threshold, faster approval process, and the ability to facilitate international capital connections and global expansion in the future.
Source: YAHOO