Tom Young and Rachel Evans
Editor, Asia editor
Mark Dickens, the head of listing at the Hong Kong Stock
Exchange, believes that a new listing regime is needed to
attract foreign companies to Hong Kong. Speaking at the Asia
Capital Markets Forum on November 18, Dickens said: "If we're
going to talk about bringing overseas products to Hong Kong
then we need a different listing regime. It has to be
retail-orientated so you need a red flag or HDR [Hong Kong
Depositary Receipt] regime, mark two."
Earlier Heidi Yang, head of corporate advisory at Deutsche
Bank, explained how banks were keen to attract foreign
companies rather than rely on a pipeline from mainland China.
The exchange has been working on this recently, approving
several new jurisdictions of incorporation from which companies
can list in Hong Kong.
Others are a work in progress: German companies, for
example, are not yet allowed to...