21 March 2019

Mainland firms prefer A shares to Hong Kong listing, paper says

Up to 20 mainland companies may have suspended plans to list in Hong Kong after the China Securities Regulatory Commission resumed approvals for A-share listing applications at the end of last year, Oriental Daily reported Tuesday, citing unnamed investment bankers. Since the reopening of listing applications, 52 companies have received initial approval, 45 have successfully raised funds and 43 have been listed, the report said.

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