Most qualified US-listed Chinese firms expected to seek primary listings in Hong Kong – CICC
Most qualified US-listed Chinese firms expected to seek primary listings in Hong Kong – CICC

Most qualified US-listed Chinese firms expected to seek primary listings in Hong Kong – CICC

 

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The China International Capital Corporation (CICC) said in a note that it expects all qualified US-listed Chinese companies will seek listings in Hong Kong and in order to prevent delisting risks overseas, they will mostly apply for primary listings in the Asian financial hub.

In addition, companies that are currently with secondary listing status in Hong Kong will likely transition to primary listing, it said.

If the 16 companies currently with secondary listing status in Hong Kong transition to primary listings in the city and then included into to Southbound Stock Connect linking markets in Hong Kong and mainland China, it will in theory bring about HK$47.6 capital flows to the stocks .

Possible capital flow to secondary-listed shares if they are included to Southbound Stock Connect (in HK$):

Alibaba Group â”‚19.724 billion

JD.com  â”‚9.171 billion

NetEase â”‚4.549 billion

Baidu â”‚4.244 billion

ZTO Express  â”‚3.526 billion

Trip.com â”‚1.851 billion

NIO   â”‚1.325 billion

Yum China  â”‚854 million

Huazhu   â”‚577 million

Huazhu   â”‚569 million

AutoHome  â”‚331 million

GDS â”‚258 million

Weibo  â”‚208 million

New Oriental Education  â”‚195 million

Noah Holdings â”‚168 million

Baozun  â”‚31.9 million