First A after H will become the customary foreign capital Shanghai listing

According to the Hong Kong Ming Pao newspaper, the competition between Hong Kong and Shanghai as a financial centre is becoming more and more intense, and Pangjianzong admits that the central government's full support for Shanghai to become an international financial centre 2020 years ago will be quite stressful for Hong Kong.　　In particular, Shanghai is determined to set up an international board to recruit foreign companies to the Shanghai market, "Hong Kong really needs to challenge."　　In the face of Shanghai's competition blunt Hong Kong's pressure on the mainland and Hong Kong's financial strength of this is long, the finance sector has long been discussed, Goldman Sachs is the action, the Asian Investment Bank's joint director Mark Machin (Ma Qin) was appointed from the beginning of this year in Beijing, the closest contact guests. Pangjianzong Frankly, the mainland enterprises listed in the future financing, the main will choose in the local Shanghai market, "This is very natural, and the first a after H model will become a practice." "This will be a certain pressure on Hong Kong's future status as a fund-raising centre." In particular, Shanghai is actively building international boards to attract foreign listings, "which will form a direct competition for Hong Kong." He pointed out that large enterprises interested in the development of the mainland, such as the Exchange Control (0005), Unilever and other existing financing needs, but also to create a brand, the advantages of listing in Shanghai, "Of course, I do not think the short-term can be done, but it is estimated that the fastest year will appear the first However, Pangjianzong also reassured Hong Kong that it still had an advantage, and that "an excellent legal system and a gathering of international investors are difficult to replace." He added that the Taiwan Exchange had recently stated that it was also trying to rob Hong Kong of its business, "but in my experience they need more places to reform." "Hong Kong remains the focus of investors in the region," he said.