Chinese indices have delivered mixed results this year, with mainland bourses outperforming their offshore counterparts. As Beijing’s regulatory oversight tightens, there is little reason to believe that this trend will change.
Amid the implementation of new trading rules and access to cheaper financing, increasing numbers of public companies in Hong Kong are choosing to delist or privatise even as bourse rules allow unprofitable companies to go public.
Last year saw the largest number of offshore listings by Chinese firms since 2010, but a new board in Shanghai may see Chinese tech firms opt to float domestically rather than in Hong Kong or New York.
EIG-linked Gateway is seeking to double its NAV by raising fresh capital primarily from private banking clients and high-net-worth individuals and is set to become the first managed fund to list in Hong Kong.