In the News: HKEX Rebounds; China Launches New Technology Fund; and New Zealand T&G Wins Plant Variety Case

Hong Kong stock market rebounds when Chinese government halts Swiss listings; China backs AI with government investment fund; and China’s Supreme People’s Court further protects intellectual property rights in apple plant varieties.

Promulgated: 2025-03-03

Credit: Lewis Tse Pui Lung/Adobe Stock;



Geopolitical Tensions Help Revive Hong Kong Stock Exchange


A slew of mainland Chinese firms have launched major IPOs on Hong Kong’s stock exchange (HKEX), raising hopes that it will recover from its poor performance since COVID, Reuters reports.
 
According to data from Dealogic, there has been $1.44 billion worth of IPOs in Hong Kong up to early March—a strong revival since 2021. Last month, battery maker CATL created a buzz when it announced Hong Kong’s largest IPO since 2021, worth more than $5 billion. 
 
One reason for the shift is the Chinese government’s reluctance to approve Swiss listings and its intention to keep capital in the country. CATL intended to list in Switzerland but Dick Kay, service leader for Deloitte's capital market services group, told Nikkei Asia that “the government hopes for them to remain in Hong Kong for better connectivity with the mainland.”

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