Li Xiaojia, chief executive of Hong Kong Stock Exchange: many Chinese stocks may return to Hong Kong for listing this year

category:Finance
 Li Xiaojia, chief executive of Hong Kong Stock Exchange: many Chinese stocks may return to Hong Kong for listing this year


Li Xiaojia, CEO of HKEx source: Official Website of HKEx

Li Xiaojia pointed out that due to the lack of accounting transparency, Chinese companies listed in the United States are also under pressure, which led to the recent introduction of restrictions on Nasdaq, which will make it more difficult for some Chinese companies to list on the exchange. He pointed out that many Chinese companies listed in the United States are listed in the United States because they cannot be listed in Hong Kong. Before the issuance of the new IPO rules, the requirements on corporate governance and dual equity structure of HKEx were more stringent.

According to the report, Li Xiaojia indicated that the U.S. listed shares, which are intended to be listed in Hong Kong, already have the conditions for listing in Hong Kong, including technology companies. At present, the atmosphere in the United States has become less friendly, and we have fundamentally reformed many aspects of the listing system to make us more flexible.

As early as July 9, 2018, Xiaomi group was listed on the main board of the Hong Kong stock exchange, becoming the first company to be listed under the structure of same share with different rights after the modification of the Listing Rules of Hong Kong stock. At that time, Lei Jun, founder, chairman and CEO of Xiaomi group, said at the listing ceremony that it was an innovation in Hong Kongs capital market and believed that Hong Kong would usher in more new economic companies.

On September 20, 2018, meituan reviews was officially listed on the Hong Kong stock exchange, which ushered in the largest Internet platform company in the past decade. Meituan reviews became the second company with different rights of the same share listed in Hong Kong after Xiaomi group.

Since then, on November 26, 2019, Alibaba, which had sought unsuccessfully listing in Hong Kong a few years ago, has been listed on the Hong Kong stock exchange, becoming the first Chinese Internet company to be listed in both US and Hong Kong stocks. Zhang Yong, chairman and chief executive of Alibaba group, said at the time that Alibaba had finally gone home to go public thanks to the positive reform of Hong Kongs capital market in the past few years.

At present, JD, which landed on NASDAQ in 2014, is also preparing to go to Hong Kong for listing. According to the Hong Kong stock exchange, on June 5, Jingdong passed the listing hearing of the Hong Kong stock exchange. According to the disclosed information, the raised funds are intended to be used to invest in key technology innovation based on the supply chain, so as to further improve the customer experience and operational efficiency. In addition, on May 29, the Hong Kong Stock Exchange officially disclosed the information after the hearing of the second listing of Netease. Ding Lei, founder and CEO of Netease, also issued the first letter to all shareholders in the past 20 years. In the letter, Ding Lei announced to all shareholders that Netease is preparing to go public again in Hong Kong. Haitong Securities pointed out that at present, in addition to Jingdong and Netease, the enterprises that meet the qualification of secondary listing in Hong Kong also include Baidu, tal, 58 Tongcheng, Momo, Sina, Ctrip and other head companies. It is expected that the return of these Chinese stocks will change the structure of Hong Kong stock industry, improve the proportion of science and technology and consumption, and the Hong Kong stock market is expected to glow with new vitality. (Zhongxin Jingwei APP) source: Zhongxin Jingwei editor in charge: Wang Xiaowu_ NF

At present, JD, which landed on NASDAQ in 2014, is also preparing to go to Hong Kong for listing. According to the Hong Kong stock exchange, on June 5, Jingdong passed the listing hearing of the Hong Kong stock exchange. According to the disclosed information, the raised funds are intended to be used to invest in key technology innovation based on the supply chain, so as to further improve the customer experience and operational efficiency.

In addition, on May 29, the Hong Kong Stock Exchange officially disclosed the information after the hearing of the second listing of Netease. Ding Lei, founder and CEO of Netease, also issued the first letter to all shareholders in the past 20 years. In the letter, Ding Lei announced to all shareholders that Netease is preparing to go public again in Hong Kong.