Beijing Jingcheng Machinery Electric, a state-owned manufacturer of gas storage cylinders, may not be the most well-known name among Chinese listed companies. However, it is notable in one way: it tops the list of companies with the biggest price gap between their Hong Kong and mainland listed shares, Nikkei reported.
The company is listed both in Shanghai and Hong Kong. The A-shares on the mainland closed at 22.1 yuan on Friday, while the H-shares in Hong Kong were at 4.11 Hong Kong dollars, meaning mainland investors were paying 6.6 times as much. Markets on the mainland have traditionally been more conservative and restrictive, and have higher financial requirements. Hong Kong, meanwhile, has less capital controls and attracts more overseas investors because of its international exposure.
Read the full report: Nikkei.
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