Hong Kong Exchanges and Clearing Limited kicked off a series of events to mark the 20th anniversary of H-share listings today (Tuesday) with a ceremony with representatives of the six companies that listed H shares in 1993, Tsingtao Brewery, Shanghai Petrochemical, Beiren Printing Machinery, Guangzhou Shipyard, Maanshan Iron & Steel and Kunming Machine Tool.
"The listing of Mainland companies in Hong Kong resulted from cooperation between the Mainland and Hong Kong led to benefits for both economies," HKEx Chairman Chow Chung Kong said. "As Mainland enterprises have raised international capital through our Stock Exchange to accelerate their growth and development, they have reformed their operations to meet global standards, and they have increased the size and diversity of our markets, making Hong Kong one of the leading international financial centres."
"The H-share market and H-share companies have come a long way since 1993," Mr Chow added. "In just 20 years they have joined the global leaders by market capitalisation and attracted shareholders from around the world."
The programme began with opening remarks by HKEx Chief Executive Charles Li followed by brief speeches by former China Securities and Regulatory Commission (CSRC) Chairman Liu Hongru, CSRC Director General for International Affairs Tong Daochi and former HKEx Chairman Charles Lee.
The ceremony also included Acting Secretary for Financial Services and the Treasury Julia Leung, Permanent Secretary for Financial Services and the Treasury (Financial Services) Au King-chi, Securities and Futures Commission (SFC) Chairman, Carlson Tong, SFC Chief Executive Ashley Alder and representatives from intermediaries which had participated in the listing of the H-share companies 20 years ago.
The series will continue later this month with an event in Zhengzhou on listing in Hong Kong. There will be similar events in Guangzhou, Harbin and Hong Kong in September and October and the series will end with a major symposium in Beijing in the latter part of the fourth quarter.
A fact sheet on the listing of H-shares is enclosed.
Charles Lee, Chairman of the Stock Exchange in 1993 (seventh from right in front row), Liu Hongru, Chairman of the CSRC in 1993 (seventh from left in front row), HKEx Chairman Chow Chung Kong (sixth from right in front row) and Chief Executive Charles Li (sixth from left in front row) today officiate at a ceremony celebrating 20 years of H-share listings. They are joined by other guests, including the representatives of the six H-share companies listed in 1993.
Back row (from left to right): Luo Tao, Board Secretary of Kunming Machine Tool, Han Guangde, Vice Chairman and General Manager of Guangzhou Shipyard, Lin Minjie, Hong Kong representative of Shanghai Petrochemical, Carmelo Lee, Chairman of Listing Committee, K S Lo, former chairman of Listing Committee, Sun Mingbo, Chairman of Tsingtao Brewery, Zhang Peiwu, Chairman of Beiren Printing Machinery, Ren Tianbao, Board Secretary of Maanshan Iron & Steel.
Front row (from left to right): Chim Pui-chung, former Legislative Council member, Tong Daochi, the CSRC’s Director General for International Affairs, Au King-chi, Permanent Secretary for Financial Services and the Treasury (Financial Services), Yin Xiaojing, Deputy Director of the Liaison Office of the Central People’s Government in the HKSAR, Sun Shuyi, former deputy secretary of the Central Enterprise Working Committee, HKEx Chief Executive Charles Li, Liu Hongru, former chairman of the CSRC, Charles Lee, former chairman of the Stock Exchange, HKEx Chairman Chow Chung Kong, Li Xiaoxue, former secretary of the CSRC’s Discipline Inspection Committee, Julia Leung, Acting Secretary for Financial Services and the Treasury, Sun Xiangyi, Deputy Director of the Economic Affairs Department of the Liaison Office of the Central People's Government in the HKSAR, Carlson Tong, Chairman of the Securities and Futures Commission, Christopher Cheung, Legislative Council member.
Ends