China Vows to Support Hong Kong IPOs to Bolster Hub Position
- Regulator unveils measures to bolster trading via stock links
- IPOs in Hong Kong were the lowest in two decades last year
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China’s securities regulator said it will encourage the nation’s companies to list in Hong Kong as it unveiled a package of measures to bolster the city’s position as an international financial hub.
The China Securities Regulatory Commission said Friday it will support initial public offerings by leading Chinese firms in Hong Kong, as well as loosen rules on stock trading links between the city and mainland exchanges, according to a statement.