The reversal of the usual A + H approach could help firms expand in the Greater Bay Area and encourage more Hong Kong IPOs, analysts say
New Chinese government guidelines allowing Hong Kong-listed companies to seek secondary share listings in Shenzhen could help these companies expand on the mainland while potentially encouraging more Hong Kong share offerings, according to analysts.
The guidelines did not elaborate on which companies would be eligible for H + A listings or the required procedures.
The dual-listing scenario could also tempt more businesses to seek listings in Hong Kong, as a single application could allow them to offer shares in both markets, said Kenny Ng Lai-yin, a strategist at Everbright Securities International in Hong Kong.
