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Thursday, 10 August 2017

HKEX Chief Says Primary Connect a Key to Winning Saudi Aramco - Bloomberg

HKEX Chief Says Primary Connect a Key to Winning Saudi Aramco - Bloomberg:

"Hong Kong Exchanges & Clearing Ltd.’s bid to win Saudi Arabian Oil Co.’s listing would get a boost from having a primary connect trading system with mainland China, according to its chief executive officer.

HKEX has so far created three links with domestic Chinese markets, and CEO Charles Li has plans for several others. The primary connect, which would see shares in Hong Kong-based initial public offerings made available to mainland investors, would act as a lure to major companies, he said in an interview on Bloomberg Television on Thursday.

“For Saudi Aramco to consider listing in Hong Kong, just a pure Hong Kong listing would probably not be compelling,” Li said. To be able to list in the city and sell shares into major Chinese institutions would be the “perfect catalyst” for primary connect, he said."



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