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China’s push back on dual passports may derail investment immigration schemes

Global real estate investment flows could be disrupted if the authorities in mainland China were to crack down on the country’s booming trade in ­second passports.Tens of thousands of high-net-worth individuals in the mainland could be affected if authorities restricted the practice of buying property in a foreign country as a way of acquiring a second citizenship, experts said.The possibility of such action was highlighted earlier this month when Sun Xiang, a National People’s Congress… Source link

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Hong Kong, mainland exchanges reach agreement on trading in shares of dual voting rights firms through stock connects

The Hong Kong stock exchange said on Sunday it had reached a consensus with counterparts in Shanghai and Shenzhen on trading by mainland China investors in Hong Kong-listed companies with dual voting rights. The agreement, which could potentially benefit companies such as smartphone maker Xiaomi, is related to investment through the stock connect schemes that link exchanges on the mainland with the Hong Kong bourse. Xiaomi shares fall after mainland bourses block them from Chinese investors in Stock Connect pool “The three exchanges will promptly work on formulating relevant rules…

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Hong Kong’s first biotech dual listing runs headlong into a case of bad timing as market slumps

BeiGene, the first Nasdaq-listed pharmaceutical firm to seek a dual listing in Hong Kong, is being buffeted by headwinds that combined a stock market slump with rising cost of money, a vaccine scandal and a trade war between the world’s two biggest economies. Retail investors are showing little interest in the Hong Kong stock offer by the eight-year-old company. As of Thursday morning, five major stockbrokers active in margin financing showed their combined margin lending for investors in the IPO stood at only HK$250 million. Brokers estimate the retail tranche…

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