Hong Kong’s status as fundraising hub undeniable despite slump: LianLian DigiTech CEO
- ‘Global uncertainties have created an abnormal situation,’ but capital flow to growth areas will resume once these die down, Xin Jie says
LianLian DigiTech, a Chinese digital payment services provider, is open to fundraising and merger and acquisition opportunities via Hong Kong, as it sees the city as an international financial hub despite cyclical volatilities, according to its top executive.
Xin remains confident in Hong Kong’s liquidity despite challenges brought by global uncertainties such as elections, interest rates and geopolitical tensions, he said in an interview.
“Global uncertainties have created an abnormal situation,” Xin said. “Once these die down, the global investment allocation will gradually return to normal, with capital flowing into the region’s economic growth areas.”
Mainland China’s manufacturing superpower status will remain attractive to investors, and so will Hong Kong’s stock and capital markets, he added.
When the market stabilises, LianLian will consider issuing additional shares or bonds for financing purposes, as well as mergers and acquisitions to expand its “growth potential based on a liquid and market-priced equity”.
