Hong Kong Financial Secretary Paul Chan Mo-po instructed Chinese regulators and the Hong Kong Exchanges and Clearing (HKG:0388) to prepare for overseas-listed Chinese firms wanting to list in the city, he said in a blog Sunday.
"If Chinese stocks listed overseas wish to return, Hong Kong must be their preferred listing location," Chan said.
Chan's comments come after reports US President Donald Trump will order the delisting of all Chinese firms listed in American stock exchanges, The Standard reported separately.
HKEX is also deepening its ties with ASEAN and Middle Eastern markets to woo more companies to list in the city, Chan said.
The biggest Chinese companies listed in the US that are not yet listed in Hong Kong include e-commerce giant PDD, online brokerage Futu, truck-on-demand service Full Truck Alliance, discount retailer Vipshop, and education company TAL Education, the report said.
The five companies have an aggregate market capitalization of about $159 billion, The Standard said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.