Speaking out at a conference in Moscow on Thursday, Hong Kong's Secretary for Financial Services & the Treasury, Professor KC Chan, argued that Hong Kong is Russia's best partner for reaching out to the global market.
"Our unique role as China's city and Asia's world city has made us the
most favourable location for overseas investors to expand into the mainland
market and capitalise on the growth of the Mainland economy. Our proven track
record in conducting mega IPOs has won the confidence of issuers, investors
and financial institutions worldwide," Professor Chan explained, going on to add that:
"With our strong Mainland connections geographically, culturally and economically,
Hong Kong is obviously the top choice for foreign investors to tap the tremendous
business opportunities in Mainland China."
Hong Kong has developed into a premier capital formation centre for the Mainland,
with 443 Mainland enterprises listed in the city.
They have, in total, raised about USD243bn from Hong Kong's stock market.
Professor Chan concluded by observing that Hong Kong possesses strong credentials to offer quality services
to Russia enterprises looking to list in an international market.
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