双重上市机制
Search documents
新交所与纳斯达克联手推出双重上市机制
Sou Hu Cai Jing· 2025-11-21 06:25
扩大资金投放:向六家本地资产管理公司额外注入28.5亿新元,以发展基金业并引导资金投资新加坡股市。 推出新框架的背景,正是新加坡作为亚洲主要金融城市之一,证券市场的发展却颇为坎坷。 为增强本地资本市场吸引力,新加坡政府与交易所正推出一系列重磅举措,核心是与纳斯达克交易所建立开创性合作,并配套资金与政策支持,旨在吸引全 球企业与投资者。 11月19日,新加坡交易所(SGX)与纳斯达克(Nasdaq)联合宣布,建立合作伙伴关系,共同推出"全球上市板"。该平台旨在为市值超过20亿新元(约合15亿美元) 的企业提供一个简化的双重上市框架,使其能同时对接新加坡和美国市场。 此举最大的亮点在于大幅简化上市流程,新交所表示,到2026年中,合资格企业将只需提交一套上市文件,通过一个统一的审核流程,即可满足两家交易所 的监管要求,极大降低了跨境上市的复杂性与成本。 与此同时,新加坡金融管理局也公布了强化股市竞争力的多项措施: 推出"价值解锁"计划:拨款3000万新元,协助企业提升在公司战略、资本优化和投资者关系方面的能力,以更好地展现自身价值。 版权声明:所有绿专资本原创文章,转载须联系授权,并在文内首/文末注明来源及微信I ...
“H+A”新政下,谁将抢到港股深市IPO“头啖汤”?
Di Yi Cai Jing· 2025-06-12 13:22
Group 1 - The "H+A" policy allows eligible Hong Kong-listed companies to issue depositary receipts on the Shenzhen Stock Exchange, specifically targeting companies registered in the Guangdong-Hong Kong-Macao Greater Bay Area [1] - Currently, only 23 Hong Kong-listed companies meet the criteria of being registered in mainland China and located in the Greater Bay Area, indicating a limited number of potential candidates for this policy [1][2] - Among the 23 eligible companies, notable ones include Sunshine Insurance (6963.HK), UBTECH (9880.HK), and Wanwu Cloud (2602.HK), with market capitalizations of 38.76 billion HKD, 36.23 billion HKD, and 24.84 billion HKD respectively [2][3] Group 2 - The industries represented by these companies primarily include real estate and finance, with specific examples such as Guangzhou Rural Commercial Bank (1551.HK) and Wanwu Cloud (2602.HK) [3] - The return of these companies to the A-share market faces challenges, particularly in the finance and real estate sectors, where recent attempts to list have stalled [3][4] - In contrast, technology companies like UBTECH (9880.HK) and others in the AI and semiconductor sectors are seen as having more potential for successful listings [3][6] Group 3 - The three highlighted technology companies are currently operating at a loss, with UBTECH projected to generate 1.305 billion RMB in revenue but incurring a loss of 1.16 billion RMB in 2024 [4] - The "H+A" policy is expected to enhance the quality of listed companies on the Shenzhen Stock Exchange and attract long-term investment by narrowing the valuation gap between H-shares and A-shares [6] - Challenges remain in the implementation of the "H+A" policy, including the need for clearer regulations, addressing valuation discrepancies, and ensuring compliance with dual disclosure standards [6]