HKEX to attract high-quality US-listed Chinese firms: PwC

Overall market capitalisation in Hong Kong reached $42t in 2021.

In celebration of the 25th year of Hong Kong Special Administrative Region's establishment, PwC expects Hong Kong Stock Exchange to woo high-quality US-listed Chinese enterprises and boost investors’ confidence.

In a statement, PwC Hong Kong Entrepreneur Group Leader Benson Wong said this could be possible if there is support for policies on economic growth and liquidity measures from the Government and Central Bank have” included Greater China firms without weighted voting rights and which are not from innovative sectors to seek secondary listings in Hong Kong.”

Wong also said the Hong Kong listing has dominated “global IPO fundraising for seven of the last thirteen years.” 

Eddie Wong, the capital markets services partner at PwC Hong Kong, said the overall market capitalisation in the market reached $42t as investors remained confident in Hong Kong's capital markets.

“Hong Kong’s capital markets remain active, with the proven fundamentals of US-listed Chinese enterprises and new economy businesses expected to continue to be the main drivers of listing activity,” he said.

He also underscored that the Wealth Management Connect is a “key milestone,” which they project to have potential future development.

The scheme allows residents in Hong Kong, Macau, and nine cities in Guangdong Province to carry out cross-boundary investments in wealth management products that banks distribute in the Greater Bay Area.