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Hong Kong urged to diversify IPO issuers and investors to regain top spot
A government think tank said Hong Kong should broaden its pool of listing companies and investors, including firms from Asean, the Middle East and Europe.
Hong Kong should diversify both its IPO listing issuers and the investors behind new listings if it wants to recover its position as the world’s leading initial public offering venue, according to a government think tank.
SCMP Economy reports the Financial Services Development Council chairman Benjamin Hung Pi-cheng said the goal is to improve listing quality rather than focus only on increasing deal volume.
Hung said Hong Kong can still attract new economy companies to list and could regain market share by drawing issuers from across Asean, the Middle East and Europe.