Some doors opened... Changes could come into effect by August.
Interesting they are capping the weighting at 5% per secondary/weighted company. At the moment, caps on individual companies are at 10% (although HK Tracker allocates 12% to Tencent so...idk)
And some changes in Nasdaq listing rules might be on the horizon.
https://uk.reuters.com/article/us-na...-idUKKBN22V01QThis is the first time Nasdaq has put a minimum value on the size of IPOs. The change would have prevented several Chinese companies currently listed on the Nasdaq from going public. Out of 155 Chinese companies that listed on Nasdaq since 2000, 40 grossed IPO proceeds below $25 million, according to Refinitiv data.
So does this mean a flock of Chinese tech firms are going to come over here to list?
Looks like three companies are on the shortlist.. Alibaba, Xiaomi and meituan
HSI Co.: 3 WVRs Basically Up to Standards in Joining HSI, Subject to Performance of Next Few Mths
Should have updated this over the weekend:
andE-commerce conglomerate Alibaba (9988.HK) (BABA.N), handset maker Xiaomi (1810.HK) and WuXi Biologics (2269.HK) will enter the Hang Seng .HSI next month, broadening Hong Kong's traditionally financial services-dominated index.
(And in other news, Temasek has severely reduced its Alibaba holdings..)The Hang Seng Index will drop Sino Land (0083.HK), Want Want China (0151.HK) and China Shenhua Energy (1088.HK),