Orders open for Hong Kong's first renminbi IPO

Cheung Kong-sponsored Hui Xian Reit is aiming to raise up to $1.7 billion through the IPO, which will offer investors a higher-yielding alternative for their renminbi deposits.

Orders open for Hong Kong's first renminbi IPO

Nearly 20 years after the first Chinese company listed in Hong Kong in 1993, the local stock exchange is set to make another mark in the history books with its first renminbi-denominated initial public offering.

Hui Xian Real Estate Investment Trust, which is sponsored by Li Ka-shing-controlled Cheung Kong Holdings, will start selling units to both institutional and retail investors today and is scheduled to begin trading in Hong Kong on April 29. It...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES