Why Hong Kong is poised to benefit from a rush of China listings

Why Hong Kong is poised to benefit from a rush of China listings

REUTERS/Bobby Yip/File Photo

Twenty years ago, 29-year-old Ding Lei led his internet startup NetEase to Nasdaq as one of the first Chinese tech companies to float shares in the U.S. But on the debut day June 30, 2000, the company’s American depositary receipts dropped nearly 22%.

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