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China weighs more mainland firms listing in Hong Kong

China's securities regulator is discussing measures to reduce the requirements needed for mainland Chinese firms to list in Hong Kong, in part to relieve the pent up demand for domestic listings, the official China Securities Journal reported on Monday quoting sources. Guo Shuqing, chairman of the China Securities Regulatory Commission (CSRC), said Hong Kong authorities and the CSRC have had positive talks about the issue, it said.

Currently, domestic companies wanting to list in Hong Kong need to have net assets for 400 million yuan ($64.09 million) and financing not less than $50 million and an annual net profit not less than 60 million yuan. These requirements make it tough for small-medium-enterprises to get CSRC's approval to list in Hong Kong, the paper said.

Copyright Reuters, 2012



 



 
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