Jennifer Hughes
4 minute read
Jan Craps (L), chief executive officer of Budweiser Brewing Company APAC Ltd, attends the listing ceremony of the AB InBev s Asia-Pacific unit at the Hong Kong Stock Exchange in Hong Kong, China, on Monday, Sept. 30, 2019. Zhang Wei/CNS via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. CHINA OUT. - RC16E956B8E0
HONG KONG, July 8 (Reuters Breakingviews) - If one capital market door closes, another one typically opens. Hong Kong Exchanges and Clearing (0388.HK) added 5% to its equity value after Didi Globalâs (DIDI.N) U.S. listing debacle prompted fears that China is making it harder for domestic companies to make their way to New York. Beijingâs plans to crack down on overseas market debuts sound sweeping enough, however, that they will hit the Asian financial hub too.