dual-currency IPO

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.

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 year, the sources said. JP Morgan is sole sponsor on Hong Kong Airlines’ IPO transaction.  

The deal would allow Hong Kong Airlines to sell two sets of shares, in renminbi and...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222