Caixin
BUSINESS & TECH

‘Belt and Road’ Companies May Get Help With Yuan-Denominated Hong Kong IPOs

Launched by President Xi Jinping in 2013 as a way to build China’s global business ties, the Belt and Road development strategy has resulted in infrastructure, trade, and investment deals with dozens of countries and foreign organizations. Photo: Visual China
Launched by President Xi Jinping in 2013 as a way to build China’s global business ties, the Belt and Road development strategy has resulted in infrastructure, trade, and investment deals with dozens of countries and foreign organizations. Photo: Visual China

The Chinese government is considering helping “top” companies involved in the “Belt and Road” initiative conduct yuan-denominated initial public offerings (IPOs) in Hong Kong, the state-owned China Daily newspaper reported Wednesday.

Zhang Xiaoqiang, vice chairman of the China Center for International Economic Exchanges, was quoted by China Daily as saying that the move is aimed at expanding Hong Kong’s participation in the Belt and Road through “facilitating the initiative on the investment front and further promoting internationalization of the yuan.”

ladingImg
You've accessed an article available only to subscribers
Try 4 weeks for $0.99
SUBSCRIBE
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.