China to relax conditions

Published on 13 August 2012 - 11:40

For SMEs to list in
HONG KONG - China will relax conditions for mainland firms,


especially small and medium-sized enterprises, to list in Hong Kong, the country's securities regulator said on Saturday, in a move that could encourage privately owned Chinese companies to tap funds in the city.

The regulator also said it would encourage qualified Hong Kong financial institutions to form joint ventures with mainland partners in stock and futures brokerages, fund management firms and stock investment consulting firms, capping a week of news on co-operation between the mainland and Hong Kong.

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