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Hong Kong’s financial regulators have committed to facilitate rating requirements for Chinese companies on the continent, while they consider the city’s stock market as a source of funding to support their global ambitions.
The secretary of financial services and Treasury Christopher Hui Ching-Yu said Thursday that the Commission of securities (SFC) And Hong Kong Exchanges and Clearing Limited (Hkex) studied how to refine the existing registration rules.
The market guard dog and the scholarship operator would offer revisions later this year, aimed at reducing the fund collection threshold, optimizing market structure and improving corporate governance, said Hui during ‘A conference in Shenzhen.
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Regulators “conduct full studies and will unveil measures proposed to improve [fundraising] System during this year, “he said at a meeting of the financial cooperation committee of Shenzhen-Hong Kong.” We hope to further facilitate companies on the continent, including the companies in Shenzhen, to raise capital. “”
The committee, created in June 2024, focuses on the financial links of the two cities and the development of Greater Bay Areafinancial infrastructure.
The declaration of Hui should arouse enthusiasm among the continent’s companies for the first public offers (IPO) in Hong Kong while they are pursuing a new capital to fuel their expansion.
The city Stock market Recovering from a crisis of several years while more and more classified companies on the continent are pursuing floations.
A hundred companies were in the IPO pipeline, said Bonnie Chan Yiting, CEO of Hkex last month.
A View of Exchange Square in Central, home of the Hong Kong Stock Exchange, January 9, 2025. Photo: Jelly TSE Alt = at View of Exchange Square in Central, home of the Hong Kong Stock Exchange, the January 9, 2025. Photo: Jelly TSE>
The city’s high -quality and international professional and international service sector could help a new liberalization of the continent’s financial markets, said Hui at the meeting.
Over the past two years, regulators of Hong Kong and the continent have stressed the importance of closer links between the capital markets for the Chinese economy promenade.
They also highlighted the role of Hong Kong as a bridge between continental markets and world markets, while promising to create More cross -border plans to allow larger capital flows.
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