IPO queen Pamela Chung says headway needed for initial public offering connect scheme
Hong Kong is seeing an opportune time to move forward with a so-called IPO connect scheme, according to Pamela Chung Kong-hung, Vistra’s managing director and head of its IPO & Share Registry Services, who says the scheme would allow mainland investors access to initial public offerings (IPOs) in Hong Kong, enabling better price discovery and expanding the investor capital pool to better match…
Pamela Chung, Vistra’s managing director and head of IPO & Share Registry Services, believes Hong Kong is well-positioned to introduce an IPO connect scheme, which would grant mainland investors access to the city’s numerous IPOs. By enabling capital market connection between Hong Kong and mainland China, the scheme would improve price discovery and expand the investor pool, addressing the city’s large IPO pipeline.
The secondary market connect has operated stably without triggering capital outflows, according to Chung. While the original Stock Connect scheme launched in 2014 linked Hong Kong and Shanghai, expanding to include Shenzhen in 2016, the IPO connect scheme is the next step towards a full capital market integration between the two regions.
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