Ernst and Young: Chinese concept stocks in TMT sector returning to Hong Kong market


Source: thebl.com thebl.com

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According to the April 7 report released by Ernst & Young, several companies in TMT (Technology, Media & Entertainment, and Telecommunications) industries have tried a secondary listing on the Hong Kong stock exchange while maintaining the listing status on the U.S. stock market. In 2019, only one TMT Chinese concept stock was listed in Hong Kong after the exchange reformed its listing regulations for 2018. That was Alibaba. The year 2020 witnessed 5 TMT Chinese concept stocks listed in Hong Kong for the second time. Last year, the momentum of the secondary listing of Chinese stocks in Hong Kong continued,...