Increasing international competition for China listings, most notably between London’s Alternative Investment Market (AIM) and China’s domestic markets of Shanghai and Shenzhen, is squeezing market leader Hong Kong, say insiders.
Since an unofficial ban by the China Securities and Regulator Commission (CSRC) on most domestic Chinese companies seeking a listing overseas before a domestic offering, senior officials in the Hong Kong government and senior management in the Hong Kong Stock Exchange (SEHK) have been in something of a panic, say insiders, over the potential loss of what has been a hugely lucrative listings business from the...
