{
  "id": 12107699,
  "title": "8 more firms from Belt and Road Initiative countries apply for IPOs in Hong Kong",
  "url": "https://urgent.news/2026/10/05/8-more-firms-from-belt-and-road-initiative-countries-apply-for-ipos-12107699",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T07:55:41.000Z",
  "source": {
    "name": "South China Morning Post - Hong Kong",
    "slug": "south-china-morning-post-hong-kong",
    "url": "https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3369784/8-more-firms-belt-and-road-initiative-countries-apply-ipos-hong-kong"
  },
  "original_language": "en",
  "account": "Eight additional firms from countries participating in Beijing’s Belt and Road Initiative have submitted applications to list on the Hong Kong stock exchange, according to Frederick Ma Si-hang, chairman of the Trade Development Council. Ma also stated that Hong Kong's economy would benefit from improved China-US ties, noting the heightened interest in the city's capital markets from Central Asia following a high-level delegation's visit to the region in June. During his visit to Kazakhstan, the country’s sovereign fund expressed interest in utilizing Hong Kong's international financial center and capital markets to raise funds. Ma did not disclose the names or industries of the eight companies applying for initial public offerings. Out of the 100-plus companies from Belt and Road countries listed in Hong Kong, their combined market capitalization reaches HK$340 billion (USD43.3 billion). The Belt and Road Initiative aims to enhance trade and infrastructure links across global markets. Following the delegation's visit to Central Asia in June, Kazakhstan Temir Zholy, the national railway operator, filed for a dual listing on Hong Kong's exchange and the local stock exchange. Ma further emphasized that a positive relationship between China and the US, following President Xi Jinping's recent meeting with US President Donald Trump, would be advantageous for Hong Kong's economy, particularly in the AI and semiconductor sectors. The Trade Development Council recently revised its forecast for Hong Kong's export performance to between 42% and 47% growth for the year, up from its previous prediction of more than 20%, owing to robust global demand for electronic products driven by advancements in the AI sector.",
  "summary": "Eight more companies from countries belonging to Beijing’s Belt and Road Initiative have applied to list in Hong Kong, the city’s trade promotion chief has revealed. Frederick Ma Si-hang, chairman of the Trade Development Council, also said on Monday the city’s economy would benefit from improving China-US ties. Speaking on the sidelines of the Global Youth Powerhouse Summit, Ma said interest in…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "South China Morning Post",
        "title": "8 more firms from Belt and Road Initiative countries apply for IPOs in Hong Kong",
        "url": "https://urgent.news/2026/10/05/8-more-firms-from-belt-and-road-initiative-countries-apply-for-ipos",
        "published": "2026-10-05T07:55:41.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}