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在线翻译:
szdaily -> Business_Markets
HKEX ‘won’t stop talks’ to lure Saudi Aramco listing
    2017-September-6  08:53    Shenzhen Daily

HONG KONG Exchanges & Clearing Ltd. (HKEX) is still in talks with oil giant Saudi Aramco, with the bourse’s planned IPO investment links with the Chinese mainland key to clinching the potential listing, chief executive Charles Li said yesterday.

In February, Li said the stock exchange would bank on its role as a gateway to the mainland’s deep-pocketed investors to win the coveted listing of state oil firm Saudi Arabian Oil Co.

Li said “the talk will never stop” in trying to woo the oil giant, with China now one of the largest importers of Saudi crude.

Li said, however, that a planned primary stock connect, which would allow mainland investors to participate in Hong Kong initial public offerings (IPOs), would be pivotal in convincing Aramco to list on Asia’s third-biggest equity exchange.

Saudi authorities plan to list up to 5 percent of the world’s largest oil producer on the Saudi stock exchange in Riyadh, the Tadawul, and also one or more international markets, potentially raising as much as US$100 billion.

Li also said he expects to conclude final recommendations on rules for a new trading board “in the coming weeks.”

HKEX started public consultation in June on the possibility of a board allowing listings of companies with dual-class share structures. Public consultation ended last month, with financial industry professionals still divided over the matter.

(SD-Agencies)

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