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Hong Kong ‘most appealing itemizing destination’ for ASEAN corporations

HONG KONG, Also can 27, 2022 – (ACN Newswire) – Hong Kong has been named as an most appealing in one more country itemizing destination for Association of Southeast Asian Countries (ASEAN) corporations in a evaluate file^ ready by the Hong Kong Change Fashion Council (HKTDC) in collaboration with CCB Global (CCBI).Hong Kong is an…

Hong Kong ‘most appealing itemizing destination’ for ASEAN corporations


HONG KONG, Also can 27, 2022 – (ACN Newswire) – Hong Kong has been named as an most appealing in one more country itemizing destination for Association of Southeast Asian Countries (ASEAN) corporations in a evaluate file^ ready by the Hong Kong Change Fashion Council (HKTDC) in collaboration with CCB Global (CCBI).


Hong Kong is an most appealing in one more country itemizing destination for companies within the ASEAN website online, in step with a evaluate file ready by the Hong Kong Change Fashion Council (HKTDC) in collaboration with CCB Global (CCBI).


HKTDC Director of Learn Irina Fan mentioned: “With the Regional Comprehensive Economic Partnership (RCEP) free change settlement coming into cease on 1 January 2022, nearer regional economic integration will foster funding needs for projects all the scheme via Asia, in particular with regard to ASEAN corporations’ projects in Mainland China and vice versa. Hong Kong is ideally positioned to back as a platform to satisfy two-formulation funding needs.”

Simon Lee, Head of Corporate Finance & Capital Market Companies and products of CCB Global, mentioned: “It is some distance a highly informative and well-researched paper for any executive of an ASEAN firm significantly brooding about fundraising via an in one more country itemizing, and wherein the insights of many stakeholders within the web site online are shared. Hong Kong steadily is the head replacement for the itemizing of ASEAN corporations looking out for in one more country funding.”

Most in vogue in one more country itemizing destination for ASEAN corporations

There are already more than 80 ASEAN-headquartered corporations listed on the Hong Kong Inventory Change – the very superb tally for a non-ASEAN stock market. These listed ASEAN corporations signify a unfold of sectors conserving person discretionary, property and building, data technology and industrial businesses with a entire market capitalisation at US$15.3 billion. This capacity that Hong Kong is the most in vogue in one more country itemizing destination for ASEAN corporations, representing a wide vogue of enterprises by formulation of sector and size.

The evaluate file highlights that Hong Kong’s attractiveness to ASEAN corporations is due to a unfold of things including factual market breadth and depth, efficiency and suppleness in funding in one more country funding, get entry to to more varied financial and strategic investor pools, its impart as a doorstep to expansion within the Guangdong-Hong Kong-Macao Greater Bay Space (GBA) and Mainland China, obtain governance, and the comfort supplied by it being in a the same time zone to ASEAN countries.

Strengthening promotion in ASEAN countries

To facilitate ASEAN corporations’ needs and toughen Hong Kong’s impart as an in one more country itemizing hub for these enterprises, Ms Fan highlighted some of the principle ideas proposed by look interviewees. “Hong Kong need to step up its promotion in ASEAN countries to lift corporations’ consciousness. Indeed, it is obvious that some ASEAN corporations need to be more told about the most authorized developments pertaining to to Hong Kong’s itemizing regime and insurance policies,” she mentioned.

HK well positioned for ASEAN corporations in prevailing and rising sectors

Sight interviewees highlighted that to boot as to prevailing sectors in ASEAN resembling person goods and companies, mining and commodities and valid estate funding trusts (REITs), lickety-split-rising sectors including biotech, high-tech enterprises and fintech are exhibiting factual doable, while environmental, social and governance (ESG) is changing into an increasingly more vital factor all the scheme via Southeast Asia. Interviewees suggested that Hong Kong can extra toughen its impart as a itemizing destination for both prevailing and rising sectors in ASEAN by streamlining its processes for in one more country itemizing and the current particular-cause acquisition firm (SPAC) regime, to boot as to providing itemizing incentives for REITs. Hong Kong is additionally in a obtain impart to answer to the rising need for ESG funding within the ASEAN bloc.

Nearer collaboration with ASEAN exchanges to promote dual main/secondary itemizing

Hong Kong can additionally toughen collaboration with ASEAN exchanges to promote dual main/secondary itemizing in Hong Kong. “Hong Kong is the gateway between ASEAN countries and Mainland China. By working with ASEAN stock exchanges to facilitate the twin or secondary itemizing of ASEAN corporations in Hong Kong, all parties would possibly perchance well well be better positioned to preserve the rising opportunities,” Ms Fan added.

Hong Kong as most well-favored itemizing destination for Malaysian corporations

The file additionally gave insights into in one more country listings by Malaysian enterprises. The Hong Kong Inventory Change has the most appealing replacement of listed Malaysian corporations amongst key stock exchanges originate air ASEAN, and Hong Kong is well perceived by Malaysian corporations as a truly vital gateway for rising into Mainland China. Leveraging Malaysia’s economic enhance and extra economic integration within the web site online, Malaysia’s lickety-split-rising IT sector and enhance corporations would possibly perchance well well be doable candidates for itemizing on the Hong Kong Inventory Change via the current SPAC route.

^ The file is in step with desktop evaluate and interviews conducted by the HKTDC from September 2021 to January 2022. Interviewees included senior executives/contributors of listed corporations, chambers of commerce, first rate organisations, correct practitioners, accountants and funding bankers. Interviewees personal been asked to fragment their insights on Hong Kong’s strengths as a itemizing destination for ASEAN corporations, some of the hurdles ASEAN corporations are going via, to boot as ideas to toughen Hong Kong’s impart as a itemizing hub. The important thing evaluate file on this sequence makes a speciality of the total in one more country itemizing regime of Hong Kong to boot as Hong Kong as a itemizing destination for Malaysian corporations, while two subsequent experiences on Thai and Indonesian corporations itemizing in Hong Kong will doubtless be released later this twelve months. Disclaimer https://tinyurl.com/HKTDC-Disclaimer

References

– HKTDC Learn Portal: https://evaluate.hktdc.com/en

– “Hong Kong as a Checklist Destination for ASEAN Corporations”: https://bit.ly/3ajmAkV

– Photograph get: https://bit.ly/3MsV1UI

Media enquiries

Please contact the HKTDC’s Dialog and Public Affairs Division:

Snowy Chan, Tel: +852 2584 4525, Email: snowy.sn.chan@hktdc.org

Please contact CCBI’s Corporate Finance & Capital Market Companies and products:

Sam Siu, Tel: +852 3911 8926, Email: samsiu@ccbintl.com

About HKTDC

The Hong Kong Change Fashion Council (HKTDC) is a statutory body established in 1966 to promote, aid and create Hong Kong’s change. With 50 workplaces globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-formulation global funding and change hub. The HKTDC organises global exhibitions, conferences and change missions to invent change opportunities for companies, in particular tiny and medium-sized enterprises (SMEs), within the mainland and global markets. The HKTDC additionally offers up-to-date market insights and product data via evaluate experiences and digital data channels. For more data, please focus on with: www.hktdc.com/aboutus. Notice us on Twitter @hktdc and LinkedIn

About CCBI

CCB Global (Holdings) Restricted and its subsidiaries (collectively “CCB Global”) is a financial and funding companies firm owned by China Building Bank Corporation (“CCB”). CCB Global is committed to rising its global platform. Backed by the CCB global community, its change covers key financial centres worldwide including Mainland China, Hong Kong, Singapore and London. CCB Global offers a corpulent differ of merchandise and companies including sponsoring and underwriting, financial advisory, company mergers and acquisitions, restructuring, extra issuance and placement of shares, refinancing for listed corporations, issue funding, asset administration, securities brokerage, market evaluate, funding consultancy, futures and commodities change. The corporate finance and capital market companies of CCB Global personal raised almost HKD5 trillion from the global equity market for a entire bunch of corporations. For more data, please focus on with: http://www.ccbintl.com/English.html.


Subject: Press originate abstract



Supply: HKTDC / CCB Global (Holdings) Restricted


Sectors: Day-to-day Finance, Skedaddle & Tourism, Day-to-day Records, ASEAN, Startups


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From the Asia Corporate Records Network

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