Hong Kong is more than capable of handling a wave of US-listed Chinese companies which are considering secondary listings in the city as US-China tensions escalated, said Hong Kong Exchanges and Clearing (0388) chief executive Bonnie Chan Yi-ting.
In a recent interview with mainland media, Chan said that HKEX recognizes all companies are unique but underlined that only high-quality firms are eligible for listing.
She added that the exchange is willing to work closely with companies to resolve listing challenges and regularly reviews its rules to better align finance with the real economy.
Chan also dismissed worries that the return of major mainland firms could weigh on market liquidity or suppress share performance.
She reaffirmed Hong Kong’s capacity as an open and mature market, stating there’s no doubt HKEX can handle it.
If the company is strong and favored by investors, capital will flow in from all directions, she said.
Chan also highlighted the robust liquidity of Hong Kong’s initial public offering market, noting it raised over US$300 billion (HK$2.34 trillion) in the past decade—ranking first globally. In the first five months of this year, the city’s stock market averaged daily turnover of HK$242.3 billion, more than double the HK$110.2 billion in the same period last year.
STAFF REPORTER
