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《大行報告》大摩料華興資本(01911.HK)、富途控股(FUTU.US)及中金公司(03908.HK)受惠中資赴港IPO潛在豁免數據審查
摩根士丹利發表研究報告,引述外電報道指內地擬讓赴港上市公司豁免進行數據安全審查,該行料香港或迎來更多IPO,華興資本控股(01911.HK)、富途控股(FUTU.US)及中金公司(03908.HK)料屬潛在受惠者。

報告稱,倘報道屬實,料市場持續喜好本港IPO。考慮至2019年內地私募及風險投資急速發展,料IPO渠道仍穩固。由於退出投資或需時五至七年,通常透過IPO,料至2026年IPO需求仍維持強勁。

大摩指出,不是所有有意美國上市的公司也符合香港上市資格。撇除可變利益實體(VIE)類公司,許多內地企業赴港上市需要獲中證監批準。該行亦指香港證監會就IPO企業要求信息披露較美國證交會要求更多。

報告補充,倘報道屬實,料華興資本控股受惠最多,因它受私募退出投資的影響較少。富途控股料受惠,它幾乎沒有來自美國IPO的收入。中金公司料亦受惠更多公司在香港上市,因其在香港傳統經紀商中具龍頭地位。

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