2021-04-29 09:36:04 GMT2021-04-29 17:36:04(Beijing Time) Xinhua English
HONG KONG, April 29 (Xinhua) -- Three years after a major listing reform, new economy companies have made the bulk of Hong Kong's initial public offering (IPO) market, fueling a new growth story of the global financial hub.
The new listing rules, which came into force on April 30, 2018, allow pre-revenue biotech companies, new economy companies with weighted voting rights structures, and qualified overseas-listed companies to raise capital in Hong Kong.
By the end of March, 146 new economy companies had listed in Hong Kong since then, raising a total of 682.2 billion Hong Kong dollars (about 88 billion U.S. dollars), and accounting for 61 percent of the total IPO fund-raising, Hong Kong Exchanges and Clearing Limited (HKEX) said Thursday.