Hong Kong is becoming increasingly appealing as Chinese companies listed in the U.S. face growing scrutiny and potential delistings following an accounting scandal at Luckin Coffee Inc. and mounting tensions between the world’s two largest economies.
HONG KONG: China’s tycoons are flooding Hong Kong’s exchange with a $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.
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