While a smaller size signalled a yet-to-rebound Hong Kong stock market, Lianlian is the first fintech firm to be approved by the CSRC since its registration-based new rules.
The Chinese financial hub just posted its worst first quarter for IPO proceeds in 15 years. With China’s economy stumbling and new local security laws deterring global investors, can anything stop the rot?
Lack of interest has more to do with lacklustre IPO activity than the reform per se, which will draw more interest when listings pick up, analysts say.
Hong Kong stocks rebound as Xi strikes upbeat tone on China's economy in meeting with US business leaders scmp.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scmp.com Daily Mail and Mail on Sunday newspapers.
Xiaocaiyuan operates more than 500 restaurants across China. The chain’s profit rose to 429 million yuan (US$60 million) in the first nine months of last year, compared with 207 million yuan a year earlier.