In March this year, the news that Jingdong will be listed for two times in Hongkong as early as in the middle of 2020 spread widely. In April, Jingdong filed an application for listing in Hong Kong in a confidential form and may sell up to 5% of its shares. Many voices believe that Jingdongs going to Hong Kong at this time is an external manifestation of reducing the financing risk of the single market, to prevent the U.S. stocks from suffering heavy losses after a correction.
The second listing of Alibaba in Hong Kong is a personal demonstration, which has played a leading role in the return of China equity to Hong Kong or A-share enterprises. Alibabas success has made many enterprises see the possibility, while Hong Kong has opened up its authority for enterprises in the second listing place.
Earlier this year, PricewaterhouseCoopers released a report that the IPO market in Hong Kong will continue to be active in 2020, and more new economy enterprises will choose to go public in Hong Kong due to the change of listing rules. It is estimated that the total amount of capital raised in the whole year will reach HK $230-260 billion. Hong Kong will continue to consolidate its position as the regions leading IPO Funding Center. PricewaterhouseCoopers pointed out that due to Alibabas return, many Chinese stocks are also waiting for the opportunity of listing in both places, which is expected to bring more IPO projects to the Hong Kong market.
Source: editor in charge of Beijing Business Daily: Yang bin_nf4368