Hong Kong Exchanges and Clearing Limited (HKEx) held a seminar in Jinan, the capital city of Shandong province, today (Thursday) with the Finance Office of Shandong Province and InvestHK to explain the benefits of listing in Hong Kong.
Sun Wei, Deputy Governor of Shandong Province, and Qi Bin, Director of the International Cooperation Department of the China Securities Regulatory Commission, attended the seminar along with more than 230 guests representing a diverse group of companies from Shandong province.
HKEx Chief Executive Charles Li and Mao Zhirong, HKEx's Head of Mainland Development, also attended the seminar. Mr Li spoke on the latest developments in HKEx's securities market and the advantages of Mainland enterprises with listings in Hong Kong. Mr Li said he is confident that with its open and market-oriented capital raising regime, and its many institutional investors from overseas, Hong Kong will continue to be the leading international listing centre for Mainland issuers.
"The China dimension of our securities market and IPOs from the Mainland have helped us become a strategic link between the Mainland economy and global capital and they will continue to be an important part of our business," Mr Li said. "Coupled with its many of other advantages, Hong Kong's unique role as a global financial hub and Special Administrative Region of China with its own economic and legal systems has put it in an ideal position for IPOs and other fundraising by companies from the Mainland, Hong Kong and overseas."
Mr Li also separately met with Jiang Yikang, the Secretary of Shandong Provincial Committee of the Communist Party of China and Guo Shuqing, the Governor of Shandong. Issues of mutual concern such as listing of Shandong enterprises in Hong Kong were discussed during the meetings.
As of the end of February this year, the 891 Mainland enterprises listed in Hong Kong accounted for 61 per cent of the Stock Exchange’s total market capitalisation and 71 per cent of its equity turnover value. Among them were 38 enterprises from Shandong provinces.
HKEx Chief Executive Charles Li speaks on the latest developments in HKEx’s securities market and the advantages of Mainland enterprises with listings in Hong Kong during HKEx’s listing seminar in Shandong today.
Ends