HK seeks to cash in on frenzy for Chinese biotech companies


BEIJING: Chinese drug companies have been on a tear in the US stock market. Now, entrepreneurs and investors betting on the Asian country’s fledgling biotechnology industry see another reason for optimism.

The stock exchange in Hong Kong – home to the world’s fourth-largest equity market – is in the midst of weighing a proposal that would allow biotech companies to list even before they turn a profit.

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Business , Hong Kong , biotech

   

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