In the News: HKEX Listing Concerns; Missfresh Lawsuit; and Convertible Bonds Regulation

August 09, 2022 | BY

Hugo Yeung

Research casts doubt on US-listed Chinese companies' ability to list in Hong Kong; Grocery delivery company in legal trouble following collapse; new rules on convertible bonds

Credit: Lewis Tse Pui Lung/Adobe Stock

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HKEX Alternate Listing In Doubt

52 out of 261 US-listed Chinese companies will not qualify for a Hong Kong listing, according to an article by the SCMP referring to unpublished research by CMB Wing Lung Bank's equity research team.

The team found that around one-fifth of U.S.-listed Chinese companies are unable to meet all of the requirements to be accepted onto the Hong Kong Stock Exchange (HKEX). These requirements include thresholds on market capitalization, revenue, net profit and operating cash flow. A Hong Kong listing has long been seen as the go-to venue for listing after the U.S., with Didi having pushed for a HKEX listing following its departure from the New York Stock Exchange.

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