HK offers new hope for IPOs

More mainland companies to issue shares in overseas markets in Q3

The door for Chinese companies to list their shares outside the mainland market re-opened in Hong Kong this month, after two companies raised more than HK$20 billion ($2.57 billion), according to Fang Fang, CEO of China investment banking at JPMorgan Chase & Co.

"In June, and the coming third quarter, we will see more mainland enterprises issue shares in Hong Kong, in the United States or other overseas markets," he said.