HKEx’s Li in Primary Connect play for Saudi Aramco

Hong Kong is pinning its hopes of luring Saudi oil giant Aramco on a further trading tie-up with China, but the scheme is big and difficult to execute, says the bourse’s chief executive.

As investor attention turns to what is likely to take Alibaba's crown as the world’s biggest-ever initial public offering, exchanges around the world are gearing up for battle.

For Hong Kong, which urgently needs a banner listing after losing its appeal as a global IPO centre for foreign companies and missing out on the Alibaba flotation, the Saudi Arabia government’s decision to float around 5% of the shares in its oil giant Saudi Aramco is heaven-sent, potentially.

And Hong Kong Exchanges Clearing’s latest pitch for the Aramco listing which could raise up to $100 billion is to tie it in with its proposed...

¬ 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