Hong Kong eyes moves to attract IPOs of mainland Chinese, Middle Eastern firms to spur stock market, Paul Chan says

Hong Kong will encourage more companies from mainland China, Middle East and Southeast Asia to list in the city as part of the government’s initiative to revive its sluggish financial market, according to Financial Secretary Paul Chan Mo-po.

The government is actively engaging with regulatory authorities on the mainland to expedite the approval process for companies listing in Hong Kong, Chan said at the Hong Kong Capital Markets Forum on Tuesday.

The aim is to continue revitalising Hong Kong’s financial market, he said at the forum,…