Coming soon to Hong Kong: Foreign issuers
A new depositary receipt platform will open the door for foreign companies to trade in Hong Kong.
The Hong Kong stock exchange has stepped up its efforts to try and attract more companies from outside Greater China through the development of a platform for the listing of depositary receipts. The new platform, which is expected to be in place by the third quarter this year, is aimed at making Hong Kong a realistic listing alternative for companies from various emerging markets as they look for additional capital outside their home turf.
At present, the most popular way...
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