is-hong-kongs-role-as-a-fundraising-hub-threatened

Is Hong KongÆs role as a fund-raising hub threatened?

PricewaterhouseCoopers says no, but Credit SuisseÆs head of China research sees increasing competition between China and Hong Kong.
The surge of initial public offerings in Shanghai and Shenzhen last year has caused concern among Hong Kong-based financial services companies that their IPO-related businesses are about to be snapped up by their Chinese counterparts. Adding further to these worries, PricewaterhouseCoopers PWC last week projected that a continued lack of mega IPOs will result in less funds raised in Hong Kong in 2008 than in 2007.

However, PWC believes Hong Kong will maintain its competitiveness as a fund-raising platform for global capital in the next five years. It argues that the equity capital markets in Hong Kong and China are different and that there is little competition between them.

ôDifferent companies have...
¬ 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