Cross-border financial achieves new breakthrough, 19 Chongqing enterprises listed on Hong Kong Stock Exchange.
According to the Chongqing Municipal Party Committee Financial Office, in recent years, Chongqing has taken institutional innovation as a breakthrough point, and has built a three-dimensional cross-border financial system with "smooth channels, Chongqing-Singapore demonstration, free trade innovation, and Chongqing-Hong Kong linkage". Chongqing-Hong Kong financial cooperation has opened up a new channel for dual-city linkage. It has established a mechanism for the coordinated development of the Hong Kong International Financial Center and the Western Financial Center; 19 Chongqing-based enterprises have listed on the Hong Kong Stock Exchange, with 11 companies initiating listings in Hong Kong, accounting for 40% of the total issuance of foreign debt; innovative cross-border capital flow mechanisms have been created, with 37 companies approved for nearly $85 million in facilitated foreign debt quotas.
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