Hong Kong is seen to welcome more listings of large Chinese market-cap firms due to higher global fund demand and better market valuations and reforms, South China Morning Post reported, citing China International Capital Corp. or CICC (HKG:3908, SHA:601995)
The decision of Chinese listed companies to seek a secondary listing in Hong Kong is expected to attract more long-term funds and institutional investors, the report said, citing Xu Jia, CICC's deputy head of investment banking.
Among those seen to make secondary offerings in Hong Kong are condiment maker Foshan Haitian Flavouring and Food (SHA:603288) and EV battery giant CATL (SHE:300750).
Higher trading debuts in Hong Kong in the past three months have been encouraging for investors from Europe, Asia-Pacific, and mainland China, SCMP said, citing remarks by CICC.
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