Mainland Enterprises Go to List in Hong Kong
By the end of April 2008, the number of mainland enterprises listed on the Main Board and GEM of Hong Kong Stock Exchange reached 443, including 148 H shares, 93 red chips and 202 non-H-shares of private enterprises from the mainland.
The latest statistics released by the Hong Kong Stock Exchange show that the mainland stock shares take up 58.6% of the total market value and 74.2% of the total market turnover of the Hong Kong stock market.
Regarding Hong Kong itself, there were 1,244 listed companies with a total market value of about 18 trillion Hong Kong dollars by the end of April. And up until the end of last month, Hong Kong owned in total 4,808 derivative warrants, 260 callable bull/bear contracts, 26 trust funds and 173 bonds.
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Chinese enterprises have indeed done a great job in recent years. Your blog is another channel to get to know recent development in the emerging country. You must be an important source if I’m to do business in China.