Site icon China Economic Review

HKMA asked to lobby for HK firms to list on mainland

The South China Morning Post reported that Hong Kong Monetary Authority Chief Executive Joseph Yam Chi-kwong was asked to lobby mainland authorities to grant Bank of East Asia (BEA) and other Hong Kong companies listing rights on mainland exchanges using a (China) depository receipts scheme in the tradition of non US companies listing and trading in the United States market. Yam is scheduled to lead a bankers� delegation to Shanghai and Beijing later this month. BEA chairman and chief executive David Li Kwok-po, who asked Mr Yam to intervene after his own lobbying efforts repeatedly failed, said he would on the same trip.

Exit mobile version