Mainland firms win approval for HK float

Mainland retailer Beijing Jingkelong Supermarket Chain and port operator Dalian Port have won listing committee approval to offer shares in Hong Kong, the South China Morning Post reported, citing sources. Jingkelong is said to have secured clearance for a US$600 million listing on the Growth Enterprise Market (GEM), making it the largest listing on the second board since Tom Online raised US$1.5 billion in March 2004. Dalian Port is aiming for a US$250 million float on the main exchange next month, making it the second mainland port operator to list in Hong Kong after Xiamen International Port.