Hong Kong Exchanges & Clearing has confirmed to Euromoney that it has set up a working group jointly with the Shanghai Stock Exchange “to review the arrangements for simultaneous listings”.
A spokesman for HKEx paints a positive picture of what the ICBC listing achieved, saying it “further demonstrated the strength of the H-share market [Chinese entities listing in Hong Kong] in terms of fund-raising capacity” and that it “showed regulators and exchanges in Hong Kong and on the mainland are committed to cross-border cooperation”.
But he also conceded: “There may be areas where better coordination between the two markets would facilitate more efficient information flow between them – such as trade suspension in one market.”
There are, after all, complications inherent in a simultaneous listing on two markets with very different stances...
