Could Hong Kong’s China listings party be about to end? There are rumours in the SAR that the China Securities Regulatory Commission, the mainland’s chief securities regulator, is deliberately dragging its heels on the approval of new listings for H shares, the designation given to mainland state-owned enterprises listed in Hong Kong, and urging companies instead to list domestically in Shanghai or Shenzhen.
Bankers familiar with mainland listing hopefuls in Hong Kong say that timetables have been derailed and plans diverted onshore as a result of CSRC intervention.
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