HK renminbi equity market push needs wings

The Hong Kong stock market is getting closer to seeing its first dual-currency listing but challenges remain.

HK renminbi equity market push needs wings

Hong Kong’s push to develop a renminbi equity market may be falling flat despite a possible IPO from Hong Kong Airlines, according to bankers and investors.

The short-haul carrier is aiming to raise $500 million in the city through a dual-currency listing, according to two sources familiar with the situation.

It could file its application by the end of this month and list on the main board by the end of the...

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