Chinese tech firms are moving from listing in New York to Hong Kong. Are they worth buying?

Chinese firms listing on the stockmarket are moving away from the US to Hong Kong after China’s government clamped down. Saloni Sardana looks at what’s going on.

Hong Kong Stock Exchange
Hong Kong: less risky than New York for Chinese firms?
(Image credit: © Zhang Wei/China News Service via Getty Images)

Global investment banks are rushing to divert Chinese stockmarket listings (also known as initial public offerings, or IPOs) away from the US to Hong Kong to prevent getting caught up in China’s clampdown on Chinese firms listing abroad, says the Financial Times.

Earlier this month Didi, a minicab app in the vein of Uber, was removed from domestic app stores just days after it raised more than $4.4bn in a blockbuster listing on the New York Stock Exchange.

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Saloni Sardana

Saloni is a web writer for MoneyWeek focusing on personal finance and global financial markets. Her work has appeared in FTAdviser (part of the Financial Times),  Business Insider and City A.M, among other publications. She holds a masters in international journalism from City, University of London.

Follow her on Twitter at @sardana_saloni