Exclusive | Middle Eastern firms, sovereign funds interested in Hong Kong listing opportunities, finance chief Paul Chan says
- Hong Kong stock exchange reaching out to Saudi oil giant Aramco, Financial Secretary Paul Chan says
- Minister, on week-long tour of region, says companies and funds seeking to increase Asian exposure amid rising global tensions
Significant firms and sovereign fund leaders in the Middle East have expressed interest in listing and investment opportunities in Hong Kong, according to the city’s finance chief on a visit to the region.
“I understand that the HKEX is also making a direct approach to them [Saudi Aramco], so we stand ready to assist them if they are interested,” he said.
“But I will say that in the Middle East, there are a lot more companies than Saudi Aramco. There are other companies, some are family owned, but very big, very successful, and some in specialised sectors. So I think going forward, we can explore further as to the attractiveness of Hong Kong for them to get a listing.”
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Hong Kong Financial chief seeks new investment in Middle East as part of bid to revive the economy
The finance chief pledged that Hong Kong officials would contact Bahraini companies seeking to list on the city’s bourse, pointing to a mutual need on both sides to diversify away from the United States and Europe amid rising geopolitical tensions.
