Support eligible companies listed on the Beijing Stock Exchange to list on the Hong Kong Stock Exchange in accordance with regulations: Industry insiders believe it will help create a virtuous cycle of "listing - growth - internationalization".
Recently, the Financial Street Service Bureau of Beijing drafted the "Several Measures of Beijing Xicheng District to Strengthen the Construction of Capital Market Ecosystem and Promote the High-Quality Development of Listed Companies", allowing qualified companies listed on the Beijing Stock Exchange to list on the Hong Kong Stock Exchange in accordance with regulations. Huang Lichong, President of Huisheng International Capital, said in an interview that supporting companies listed on the Beijing Stock Exchange to list on the Hong Kong Stock Exchange in accordance with regulations can provide enterprises with a broader financing and development space, enhance the attractiveness of the Beijing Stock Exchange to high-quality companies, help establish a virtuous cycle of "listing - growth - internationalization". This can also promote the deep integration of the mainland and Hong Kong capital markets, help enhance the overall international competitiveness of China's capital market. By reallocating resources in the international market, it can urge companies to improve their governance and innovation capabilities, accelerate the growth of Chinese innovative companies into international companies, and help build a group of Chinese companies with global influence.
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