Hong Kong Exchanges and Clearing Limited (HKEx) held a seminar in Harbin, the capital city of Heilongjiang province, on 24 October this year with the Heilongjiang provincial government, InvestHK and the Hong Kong Trade Development Council to commemorate the 20th anniversary of the first H-share listings. The seminar attracted more than 180 guests representing a diverse group of companies in Heilongjiang province.
At the seminar, HKEx representatives spoke on the latest developments of the Hong Kong securities market and the advantages of Mainland enterprises with listings in Hong Kong, and they responded to questions from the audience, while the representative from the Mainland regulators discussed the latest Mainland policies governing the overseas listings of Mainland companies. In addition, 28 professionals from 17 investment banks, law firms, accounting firms and venture capital firms in Hong Kong introduced equity issuance services.
“There is a strong demand from Mainland enterprises to list in Hong Kong,” said Mao Zhirong, HKEx’s Head of Mainland Development. “We will continue to improve our services and help qualified Mainland enterprises raise funds in Hong Kong. Through this, we hope HKEx can continue to play an active role in the growth of the Mainland economy.”
“There has been an increase in Mainland enterprises planning Hong Kong listings since China Securities Regulatory Commission eased the requirements for overseas listings by Mainland enterprises. In the future, HKEx will organise more training programmes and seminars in the Mainland to help potential issuers familiarise themselves with the Hong Kong market.”
Apart from celebrations in Hong Kong to mark the 20th anniversary for H-share listings, HKEx organised a series of listing promotion and training activities in Mainland cities, including Zhengzhou, Guangzhou and Qingdao. About 1,000 business executives and local financial services officials have participated in the activities.
As of the end of September this year, the 753 Mainland enterprises listed in Hong Kong accounted for 56.5 per cent of the Stock Exchange’s total market capitalisation and 71.6 per cent of its equity turnover value.
Panelists participate in a discussion during a seminar in Harbin, the capital city of Heilongjiang province, on 24 October organised by HKEx, the Heilongjiang provincial government, InvestHK and the Hong Kong Trade Development Council to commemorate the 20th anniversary of the first H-share listings. More than 180 guests attended the seminar.
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