Â
>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<
Â
Â
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 │19.724 billion
JD.com │9.171 billion
NetEase │4.549 billion
Baidu │4.244 billion
ZTO Express │3.526 billion
Trip.com │1.851 billion
NIO │1.325 billion
Yum China │854 million
Huazhu │577 million
Huazhu │569 million
AutoHome │331 million
GDS │258 million
Weibo │208 million
New Oriental Education │195 million
Noah Holdings │168 million
Baozun │31.9 million