International firms flock to Hong Kong, signalling rebound for city's capital market

Core Insights - The listing of Jiaxin International Resources in Hong Kong highlights the city's international capital market scope and breadth [1] - The company focuses on natural resources, distinguishing itself from Hong Kong's traditional sectors like finance and property [2] - Hong Kong continues to serve as a vital bridge connecting mainland China with international capital sources [4] Company Developments - Jiaxin International Resources, a Chinese-owned firm, operates a tungsten mine in Kazakhstan and had a dual listing on August 28 [1] - Other international firms, such as Singapore-based Mirxes Holding and Thai company IFBH, have also recently gone public in Hong Kong, indicating a trend of diverse listings [3] Market Trends - An increasing number of companies from various regions and industries are choosing to list in Hong Kong, with expectations for this momentum to continue [5] - Companies are attracted to the Hong Kong market for its unique ability to draw global capital, unlike mainland markets that face capital controls [6] - After significant capital outflows during the pandemic and US-China tensions, international capital is returning to Hong Kong [7]