Chinese technology listings: a question of when, not where

Amid new challenges for Chinese companies planning to go public overseas, Hong Kong’s draw as a listing venue becomes more appealing, but any rush to raise money is unlikely to happen, just yet.

Didi’s July cybersecurity probe sent shockwaves throughout the investment community, immediately instigating questions about future capital-raising options for Chinese companies, especially tech groups. While the months ahead will unveil what implications this, or any, cybersecurity review will entail, markets have already pointed to an immediate winner Hong Kong.

The Hong Kong Exchange and Clearing’s HKEX share price has outperformed regional bourses amid implicit expectations that those who had planned a New York listing would now select Hong Kong.

The HKEX’s share price received a second dose of good news after the Cyberspace Administration of China CAC said it would exempt Hong Kong from first seeking approval...

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