Orders open for Hong Kong's first renminbi IPO

Cheung Kong-sponsored Hui Xian Reit is aiming to raise up to $1.7 billion through the IPO, which will offer investors a higher-yielding alternative for their renminbi deposits.
Oriental Plaza in Beijing is about to get listed in Hong Kong through the Hui Xian Reit
Oriental Plaza in Beijing is about to get listed in Hong Kong through the Hui Xian Reit

Nearly 20 years after the first Chinese company listed in Hong Kong in 1993, the local stock exchange is set to make another mark in the history books with its first renminbi-denominated initial public offering.

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