Date
22 August 2017

HK-listed China firms have 57% of total market cap, website says

Hong Kong’s stock market ended the year with 182 mainland companies on its books, with 158 on the main board and 24 on the Growth Enterprise Market board, government portal gov.cn reported Wednesday, citing figures from the China Securities Regulatory Commission (CSRC). The 182 firms account for around 57 percent of the total market capitalization in Hong Kong, and around 70 percent of the total trading volume, CSRC director general of international affairs Tong Daochi said. Their listings over the years raised a combined US$207.98 billion. At present, 24 mainland securities companies, six futures companies and 22 fund management firms have set up subsidiaries in Hong Kong and are gaining influence in the Hong Kong market. As of the end of 2013, 52 Hong Kong institutions were granted a combined investment quota of 157.5 billion yuan (US$26.028 billion) under the renminbi qualified foreign institutional investor scheme, the report said.

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EL/AC/SK

 

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