New Currency Rules Increase Allure of HK IPO August 24, 2007 – Earlier this week, China announced that it would allow its citizens to exchange unlimited amounts of their domestic currency for one purpose (and only one): investing in stocks listed on the Hong Kong exchange. The move could have a positive effect on emerging biomedical companies that wish to make their IPOs, because listing in Hong Kong would no longer cut them off from Chinese citizens who wish to invest in the enterprises. More details...
