IPOs of PRC-based Companies Dominiate Hong Kong Market in 2003
November 29th, 2003Of the 63 IPOs in Hong Kong so far this year, 28 are PRC companies, accounting for 77% of the capital raised there this year (HK 21.2 billion of HK 27.5 billion), according to comments by a Hong Kong stock exchange official quoted in this PRC press story.
Hong Kong exchange official Zhou Wenyao commented that the Hong Kong exchange has no quota system and welcomes private PRC companies to list, though he said many need greater transparency to qualify.