HONG KONG, April 29 (Xinhua) — Three years after a major listing reform, new economy companies have made the bulk of Hong Kong’s initial public offering (IPO) market, fueling a new growth story of the global financial hub. The new listing rules, which came into force on April 30, 2018, allow pre-revenue biotech companies, new economy companies with weighted voting rights structures, and qualified overseas-listed companies to raise capital in Hong Kong. By the end of March, 146 new economy companies had listed in Hong Kong since then, raising a total of 682.2 billion Hong Kong dollars (about 88 billion…
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