China to back HK firms for mainland listings

China’s top securities regulator will support Hong Kong-listed companies seeking to sell shares and issue bonds on the Chinese mainland, reports Caixin. This move marks a shift toward two-way cross-border financing.

The initiative, outlined Monday by China Securities Regulatory Commission (CSRC) Chairman Wu Qing, builds on a 2024 policy package that helped revive Hong Kong’s IPO market.

While Beijing’s earlier efforts largely funneled mainland firms to offshore markets, the new framework flows both ways.