• 11/11/2024

How Tsingtao’s IPO in Hong Kong turned on the tap for 30 years and US$1 trillion of Chinese offshore listings

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

Three decades ago today, Tsingtao Brewery handed out glasses of its namesake beer for guests at the Hong Kong stock exchange to celebrate its US$114 million IPO, the very first offshore share sale by a China-domiciled company. Since then, more than 1,400 mainland Chinese companies have raised US$1 trillion in the city.

https://www.scmp.com/business/banking-finance/article/3227699/how-tsingtaos-ipo-hong-kong-turned-tap-30-years-and-us1-trillion-chinese-offshore-listings?utm_source=rss_feed