Hong Kong Chamber of Listed Companies offers its views to boost the city’s standing to Chief Executive John Lee, chairman Chan Ka-keung says
The Hong Kong government should appeal to up and coming mainland technology companies to move part of their operations to the city and introduce measures to boost the market turnover of smaller listed companies, according to the chairman of the Hong Kong Chamber of Listed Companies (HKCLC).
The chamber floated these recommendations to Chief Executive John Lee Ka-chiu during a recent consultation session ahead of his Policy Address on Wednesday.
“Hong Kong’s listing reforms have already attracted a lot of mainland technology and biotechnology firms to list here in recent years, while there are 200 listing candidates in the pipeline,” said Chan Ka-keung on Thursday in his first interview since becoming chairman in June.
He said that while many of these listed companies used the listing proceeds to expand their mainland or international businesses, the chamber would like to see these firms use some of the funds to set up offices or relocate some business activities to Hong Kong.
