How to execute an overseas listing in Hong Kong

Author: | Published: 14 Mar 2011

In recent years, Hong Kong has once again demonstrated its remarkable historical ability to adapt to retain its title as the gateway to the east. In earlier eras, it has in turn provided access to silks, spices and other exotic goods of the Orient, then to low-cost labour, and then to the vast domestic consumer markets of China. In this new paradigm, it is serving to facilitate access to the growing Asia/China investor base as an increasingly important part of the global equity capital markets.

In 2010, the Stock Exchange of Hong Kong (SEHK) was first in the world in terms of IPO funds raised for the second year in a row, raising HK$445 billion ($57 billion) through 113 new listings. Mainland Chinese enterprises remained a dominant force, including the A+H-share listing of Agricultural Bank of China which superseded ICBC as the world’s largest IPO in history....