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LegiEX：What will be the prospect of another family listing in Hong Kong?

LegiEX: what are the prospects for another family to list in Hong Kong? This year's Wall Street is an unprecedented crisis, from the pneumonia at the beginning of the year caused the stock market crash, to the recent luckin coffee financial fraud, the fraud time directly led to the status of Chinese concept stocks on Wall Street, also directly caused the crisis of confidence.

Investors do not easily believe that the disclosure of the financial statements, a pot of good rice because of a mouse excrement damage, even if it is really a good company, investors do not dare to easily believe in the concept of stocks, really is not a good mix

And that's not just for investors, Mr. LegiEX says. It's even more so for regulators. Earlier, the SEC chairman went on television to publicly urge investors to stay away from Chinese concept stocks. Opaque, difficult to audit accounts, difficult to Sue and difficult to claim, the four major issues in front of investors.

Next, it was no surprise that the SEC took out the luckin flag. At the time of writing, word came that luckin was being investigated by the securities and exchange commission for accounting misconduct. The devil has quietly entered the village. Media reports said whether the SEC could fully investigate luckin's misconduct would depend on how much content Chinese regulators were able to share with the company.

According to the disclosure of the China securities regulatory commission on April 27, since luckin coffee's disclosure of financial fraud, the China securities regulatory commission immediately made a solemn position to the outside world, and communicated with the us securities regulatory commission on matters of cross-border regulatory cooperation, and the us securities regulatory commission made a positive response. The China securities regulatory commission (CSRC) said it has always taken a positive attitude toward cross-border regulatory cooperation and supports overseas securities regulators in investigating financial fraud by listed companies in its jurisdiction.

I believe the SEC, with its gaping jaws, will not relent. Waiting for luckin coffee is a heavy fine, the actual owner of the risk of jail.

Luckin coffee if only the company's business that would be lucky, but the "zhulian jiu clan" on the whole Chinese concept shares too big. Wall Street stocks have smelt the fire and are already looking for an exit.

Here have to admire alibaba to start strong, early to go to Hong Kong secondary listing. The initiative has been firmly grasped in advance. In fact, when alibaba went public in Hong Kong, there were many different voices in the market. Today again proves the wisdom of jack ma's decision.

LegiEX has said before that Hong Kong is the best place to get out of stocks on Wall Street. From the Hong Kong stock exchange, a period of marginalization trend highlights. Its boss, Charles li, has changed the rules to attract companies with different rights to the Hong Kong stock market. Hkex urgently needs to strengthen its market players.

Hkex due to the growing proportion of state-owned enterprises, rapid A - share color obvious. The return of Chinese concept shares to Hong Kong is similar to the return of mainland A shares. The essence is that A shares and Hong Kong shares are much easier to get along with as long as the IPO is successful than American shares.

It has just been reported that after the success of alibaba's secondary listing in Hong Kong in November 2019, there has been no end to the rumors of Chinese concept shares going public in Hong Kong. The latest reported developments are baidu, ctrip and jingdong.

April 29, it was announced that baidu, ctrip in Hong Kong secondary listing process in rapid progress, will be formally submitted to the Hong Kong stock exchange in the near future. Separately, Hong Kong media, citing IFR, a Reuters affiliate, reported that jd.com had filed an application in a confidential form in Hong Kong for a secondary listing.

Jd.com could sell up to about 5 percent of its shares, with an initial public offering expected as early as June. Based on jd's us $67 billion listing on nasdaq, the company could raise up to us $3.4 billion in Hong Kong, with bank of America, citic Lyons and ubs as the main arrangers. It has a nose and eyes.

Although these companies did not respond positively, but believe it is not groundless. This played right into li xiaojia's hands. With the return of alibaba, many Chinese companies are also waiting for the opportunity of dual listing, which is expected to bring more IPO projects to the Hong Kong market. Mr Li is hoping that alibaba's Hong Kong listing will be herding.

If the return of A qualified, of course, is the first choice. However, the A - share attitude towards the return of Chinese concept shares is also changing, and the return of 360 privatization has been widely divergent. Investors do not expect Chinese equities to return as much as they did then, nor do regulators welcome them as much as they did then, and the market is becoming less rational than it was then. From this perspective, 360 is smart.

The good news, though, is that the gem registration system is about to make its big debut, giving Wall Street's China wunderkind a real option.

LegiEX says the gem registration system is another milestone in China's capital market. The launch of the gem registration system means that China's new economy companies have one more listing option. There are more options for where to list than there were a decade ago when most Internet companies went public in the United States. There are two main changes: first, domestic ToB projects are more industrial Internet projects. Keke board, gem board and Hong Kong stocks all offer better listing opportunities than those in the United States. Second, under the current china-us relations, it will be more difficult for a startup company that has mastered the core underlying technology to go public in the us.

Shelved for A period of time in the concept of the return of a-shares event or with the launch of the business version of the registration system and restart. Some Wall Street firms may go straight back to the gem.

LegiEX, introduce how to Hong Kong or back to a-share market, has been A very important thing, especially for the good of any shares, more than double, to the listed may be more feasible, because the cost is very high listed enterprise privatization and process there are many unpredictable factors in the middle, "enterprises should reassess market changes, to make A choice" works best for you.