Tech Tycoons Flood H.K. With $20 Billion of Stock Listings
- Six more China firms may have H.K. second listings: Deloitte
- HKEX seeks to make city appealing to new-economy companies
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China’s tycoons are flooding Hong Kong’s exchange with $20 billion worth of new listings.
While the city’s rich are preparing for a worst-case scenario amid a controversial national-security law, major mainland billionaires are coming in. The latest to do so: William Ding of NetEase Inc. and JD.com Inc.’s Richard Liu, whose companies completed secondary listings there last month. They follow Jack Ma, whose Alibaba Group Holding Ltd. stock issuance in November was the city’s largest since 2010.