HONG KONG -- Moves by China to crack down on listings by its companies on U.S. markets are set to redirect a major portion of the IPO flow to Hong Kong, as technology companies' thirst for capital and backers' hopes to realize profits on their investments remain strong.
IPO
Hong Kong stands to win from China clampdown on offshore IPOs
Beijing's probes of companies listed in US may spur interest in nearby market
Baidu is one of a string of New York-listed Chinese technology companies to have secured a place on the Hong Kong Stock Exchange through a local offering since 2019. © Reuters
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