Hong Kong rolls out welcome mat for US-listed tech stocks to raise capital via secondary listings, spurring exodus from US market

//Hong Kong rolls out welcome mat for US-listed tech stocks to raise capital via secondary listings, spurring exodus from US market

Hong Kong rolls out welcome mat for US-listed tech stocks to raise capital via secondary listings, spurring exodus from US market

Hong Kong Exchanges and Clearing Limited (HKEX), the operator of the world’s third-largest stock market, said it plans to extend its 2018 rule change to attract more listed companies to raise funds in the city via secondary listings, in a move that’s likely to spur an exodus of Chinese companies from the United States. The bourse plans to allow companies with corporate shareholders of so-called weighted voting rights (WVR) to raise funds, according to an announcement by the exchange. That…

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By | 2020-10-30T15:00:36+00:00 October 30th, 2020|World|Comments Off on Hong Kong rolls out welcome mat for US-listed tech stocks to raise capital via secondary listings, spurring exodus from US market