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Mainland Companies Dominate HK Stock Market
Published on: 2014-01-23
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A total of 182 enterprises from the Chinese mainland were listed in Hong Kong by the end of 2013, holding 57 percent of the total market value of Hong Kong shares, an official from the mainland's securities regulator said on Wednesday.
 

The 182 companies had raised 208 billion U.S. dollars as of the end of last year, said Tong Daochi, head of the Department of International Affairs of the China Securities Regulatory Commission (CSRC). Their turnover in the HK stock exchange took up about 70 percent of the total volume, according to Tong. Among them, 158 were listed on the main board and the remaining 24 were listed on the growth enterprise market, or second board.
 

In 2013 alone, eight mainland-based companies conducted H-share IPOs, raising 11.5 billion U.S. dollars; another 10 mainland-based firms raised 5.9 billion U.S. dollars through refinancing, said Tong.
 

Hong Kong has become the first choice for mainland enterprises seeking to go public overseas as well as a start-point for mainland security and futures agencies to extend business abroad, according to the official.

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