BEIJING, Aug. 12 (Xinhua) -- Deloitte, one of the four world largest accounting firms, predicated recently there might be 6-9 U.S.-listed Chinese technology firms or China concept stocks firms to seek secondary listing in Hong Kong this year, reported Xinhua Finance, a financial platform run by Xinhua News Agency Tuesday.
Deloitte attributed the projection to influences from U.S. imposing financial oversight to U.S.-listed Chinese technology firms, spurring more of them to speed up their paces for secondary listing in Hong Kong.
Market players are widely worried about the U.S. churning out more measures to restrict U.S.-listed Chinese tech firms from financing in the country and banning U.S. investors from buying or selling their stocks, all of which are likely to give rise to their considerations about secondary listing in Hong Kong, said Ou Zhenxing, joint leading partner of Deloitte China's national listing business unit.
However, U.S.-listed Chinese tech firms are not likely to apply for delisting otherwise they may face more risks, reiterated Ou.
As Ou estimated, Hong Kong has sufficient capabilities to digest the possible secondary listings of 6-9 China concept stocks firms as their financing sizes are likely to be smaller than those of JD.com, Inc. (JD.NASDAQ) or Netease, Inc. (NTES.NASDAQ). (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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