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Hong Kong seeks to cash in on frenzy for Chinese biotech stocks

HK bourse is in the midst of weighing a proposal that would allow biotech firms to list before they turn a profit

Published Mon, Jan 29, 2018 · 09:50 PM
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Hong Kong

CHINESE drug companies have been on a tear in the US stock market. Now, entrepreneurs and investors betting on the Asian country's fledgling biotechnology industry see another reason for optimism.

The stock exchange in Hong Kong - home to the world's fourth-largest equity market - is in the midst of weighing a proposal that would allow biotech companies to list even before they turn a profit.

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