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Hong Kong Leveraging Home Court Advantage For Chinese Biotechs

 
• By Jules Quartly

The biggest shakeup of the Hong Kong Stock Exchange for three decades could see biotech businesses and innovators turn from West to East when seeking listings, as shown by plans being made by two prominent Chinese bioventures.

Hong Kong
HONG KONG LOOKS TO ATTRACT NEW LISTINGS

Hong Kong is moving forward at full speed with ambitious plans to challenge Nasdaq’s stronghold on the business of biotech listings, with Chinese companies looking for an injection of public funds and foreign firms seeking an entry point to China expected to benefit from modifications to current exchange rules. Two major Chinese firms are already said to be considering listings on the territory's exchange in the wake of the changes.

March 23 was the deadline for public comments on the rule changes, according to HKEx (Hong Kong Exchanges and Clearing), one of the world’s largest financial market operators and a front-line regulator of listed Hong Kong companies

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