Hkex Strives For Listing In Saudi Arabia

After missing the Alibaba, the HKEx was unwilling to miss the oil giant of Saudi Aramco.

Last year, Saudi Aramis announced an initial public offering (IPO) in the second half of 2018 to sell about 5% of the company's shares.

According to its current estimate of US $2 trillion, its IPO will reach US $100 billion or the world's highest.

HKEx strives for listing in Saudi Arabia.

This year's push "

"Concept consultation ended two weeks ago. President Li Xiaojia pointed out that most voices agreed that Hongkong needed to attract new economic companies and agreed to" share the same rights ". He hoped to enter the second stage consultation in a short time and launch an innovation board in 2018.

In addition, the HKEx also plans to promote the "IPO", allowing mainland investors to subscribe for new shares in the Hongkong market and allow Hongkong's global investors to subscribe for new shares in the mainland.

These two policies will become competitive chips like IPO, which are listed in Saudi Arabia and may.

The largest IPO in history is expected to come to the ground the year after tomorrow

Saudi Amy is the largest oil production company in the world. In the global oil market supply, about 1 barrels per 9 barrels of oil are produced from Saudi Amy. The company has the largest land and offshore oil fields in the world, contributing nearly 20% of Saudi Arabia's revenue and 85% of its tax revenue.

Since the Saudi government announced last year that Amy will carry out IPO, the exchanges around the world have racked their brains for Saudi Amy to come forward.

Saudi Amy currently has the highest market value of $2 trillion, equivalent to the total market value of two Apple Corp plus Google.

Major investment banks and consulting firms generally valued $1 trillion to $1 trillion and 500 billion for Amy.

For $2 trillion, Saudi Arabia's about 5% of its business will be as high as $100 billion, making it the largest IPO in history.

If Sinopec and PetroChina, which are analogous to similar businesses, calculate the daily turnover rate of around 0.7%, the average price increase in the first year is 30%, and the IPO quota is $80 billion, so that the first year will bring about HK $80 million to the HKEx.

This is just a very conservative estimate.

And, by establishing Saudi Arabia Amy and Saudi Arabia, and even the entire Arabia securities industry, it is also an opportunity for every exchange to make a difference.

Saudi Arabia's Amy listed in addition to a significant boost in trading volume, and may help the exchange to win the listing opportunities of other Gulf state companies.

At present, may IPO's earliest forecast is likely to be around 2018, but market analysts say that the company has not yet selected the exchange, and the recent weak oil prices, the low oil prices will have an impact on the valuation of Saudi Amy's listing, so Amy's IPO does not rule out the possibility of postponing to the first half of 2019.

HKEx strives to reform and strive for opportunities

The HKEx and Alibaba missed out four years ago because they could not accept "different rights".

Facing the heavy IPO in the future, HKEx is actively reforming.

The first is to actively launch the "Innovation Board".

The "Innovation Board" is divided into two parts: innovation and innovation, and the two boards are allowed to adopt the "different voting structure", that is, the "shares of different rights" listed companies, and the establishment of a rapid delisting mechanism.

Market analysts say that Saudi Arabia may be able to list Saudi Arabia in the NYSE for political reasons, given the relationship between the United States and Saudi Arabia over the years.

But information disclosure procedures and complex regulation may interfere with the sovereignty of the Saudi government in a legal way.

However, if HKEx can timely launch innovative boards with "different rights", though it is aimed at attracting more new economic enterprises, it will still be attractive to a company which is extremely concentrated and closed.

The consultation on "Innovation Board" concept just ended two weeks ago. Li Xiaojia, President of the Hong Kong stock exchange, said that most voices supported the "different rights of the same stock", and hoped that the second stage consultation would be launched in a short time, and the "Innovation Board" could be launched in 2018.

At the same time, the HKEx said that the new IPO scheme also played a role in promoting the listing of Saudi Amy to Hong Kong.

In the strategic planning 2016-2018 of HKEx, the IPO will allow mainland investors to subscribe for new shares in the Hongkong market and allow global investors in Hongkong to subscribe for new shares in the mainland market.

After the IPO is launched, investors in the other market can also buy and sell through the existing Shanghai Shanghai Hong Kong through mechanism.

For Hongkong, "IPO" will help attract overseas companies to list in Hong Kong, increase investor participation, further activate the market and bring more business opportunities to market intermediaries.

If the "IPO" can be launched, the Shanghai and Shenzhen Port exchanges with the two tier market will attract more mainland funds and financial products, and attract more international funds and financial products into China.

Li Xiaojia has said that if mainland investors can

Investing in new shares, Saudi Amy and new shares will be the perfect catalyst for the two party.

As for the time of "IPO" landing, Li Xiaojia said, "IPO" is the next major event, but it will take "a period of time".

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