财新传媒
财新英文 > 要闻 > 正文

In Depth: Why Hong Kong Could Gain From China’s Foreign Share-Sale Crackdown

2021年07月23日 10:01 来源于 财新网
Under Beijing’s new cybersecurity rules for shares issued abroad, HKEX doesn’t count as a ‘foreign’ exchange, making it more of a draw for tech companies
The Hong Kong Stock Exchange may benefit from Beijing’s crackdown on foreign share sales because it doesn’t count as “foreign” under the central government’s new cybersecurity rules. Photo: VCG

China’s tightening scrutiny of U.S.-traded data-heavy companies is raising the prospect of more share sales in Hong Kong, even though the city’s stock exchange is known for having stricter requirements than U.S. bourses.

Under a newly revised regulation, Chinese companies holding the personal information of 1 million or more users have to seek a government cybersecurity review before a foreign share flotation. “Foreign” under the rule doesn’t include Hong Kong, suggesting an opportunity for the exchange.

  [财新双语通产品,是为有双语需求读者专门订制的优惠产品, 按此可享超值优惠订阅。]

版面编辑:夏雪
财新私房课
好课推荐
财新微信