During the year, the Hong Kong Stock Exchange introduced the listed companies and 4 4 companies as China stock companies

20SEP

Our reporter Wu Xiaolu recently announced that Tencent Music announced that the company will be listed on the main board of the Hong Kong Stock Exchange in an introduction method. Class A ordinary shares will start sale on the Hong Kong Stock Exchange on September 21. Compared with previous years, the number of listing cases in the Hong Kong Stock Exchange has increased significantly this year. In addition to Tencent Music, there are also 5 companies in Weilai, Huaxin Cement, Conch Environmental Protection, Shell and Financial Yitong. List on the Hong Kong Stock Exchange by introducing. Talking about the increase in the number of listed on the Hong Kong Stock Exchange this year, Qiu Yilin, a postdoctoral of the Bank of China Research Institute, told the reporter of the Securities Daily that compared with the IPO listing, the introduction of listing methods does not involve new shares issuance and raised funds. There is no underwriting link. short. At the same time, because new shares are not issued in the early days of listing, it is conducive to protecting shareholders' rights and interests, avoiding unnecessary shares dilution, and to a certain extent avoiding the risks brought by the significant fluctuations in the stock price. In addition, the introduction of listing methods will help expand the scope of investors, enrich the structure of investor, and provide more financial support for the company in the long run. Qi Menglin, a senior partner of the Chinese Business Law Firm, told a reporter from the Securities Daily that because the company has been listed on other stock exchanges and operates in accordance with the requirements of listed companies. At the same time, the listing of the Hong Kong Stock Exchange is not involved in the Hong Kong Stock Exchange's listing and fundraising, and the difficulty of listing is relatively low. In addition, it can also attract more investors, which is conducive to the optimization of the company's shareholders structure and long -term layout development. The reporter noticed that of the six companies, the four were Chinese stocks. In November 2021, Hong Kong United Exchange Co., Ltd., a wholly -owned subsidiary of the Hong Kong Stock Exchange, issued a recommendation summary of the proposal to optimize and simplify the overseas issuer's listing system, relax the standards for the second listing and double listing. Effective on January 1. After the system is revised, companies that use second -time and double listed companies are no longer limited to innovative industry companies; market value requirements are required to be "2 years of listing+40 billion Hong Kong dollars market value", "10 billion Hong Kong dollars market value+recent annual revenue exceeding HK $ 1 billion" " It was changed to "5 years of listing+30 billion Hong Kong dollars market value", "2 years of listing+10 billion Hong Kong dollars market value"; companies with different rights of the same stock can be listed in double listing. Market participants believe that the Hong Kong Stock Exchange's move returns to the "paving road" for China stocks. At present, China stocks usually have three models in the listing of Hong Kong stocks. After the privatization is delisted, it has applied for IPOs of Hong Kong stocks, applying for the second time in Hong Kong, and the dual listing of Hong Kong stocks at the same time. In this regard, Qi Menglin said that after the privatization delist, the cost of funding required for the Hong Kong stock IPO is high and long; double listing needs to meet the regulatory requirements of the two exchanges at the same time, increasing the compliance and financial costs of the enterprise; Keep the listing status of the original exchange, and at the same time obtains the status of listed companies in Hong Kong stocks, with relatively low cost and high efficiency. China Stock Corporation can make comprehensive judgments in accordance with the company's own situation and choose the appropriate Hong Kong stock marketing method.

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Photo ｜ Bag Picture Network Station Cool Hero Production | Zhou Wenrui

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