Hong Kong Exchange Adds British Virgin Islands to its List

Although it has made no formal announcements, the Hong Kong Exchanges and Clearing has put the British Virgin Islands on its list of "acceptable overseas jurisdictions," reveals the South China Morning Post.

 

The Post says that before the approval, BVI companies had to set up a separate holding vehicle incorporated elsewhere that was approved by the exchange before they could apply for listings.

 

Quoting listing lawyers, the Post says that it was not a surprise that the local exchange would add BVI to its list, given the heavy lobbying from some of the BVI-incorporated mainland companies.
 

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