Indian cos not ok with listing on Hong Kong bourse: Rosling | business | Hindustan Times
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Indian cos not ok with listing on Hong Kong bourse: Rosling

Indian companies are not comfortable listing on the Hong Kong Stock Exchange, though it is open to all countries, said a Ficci-IIFA global business delegate after a meeting with the Hong Kong market regulator.

business Updated: Jun 14, 2009 16:57 IST

Indian companies are not comfortable listing on the Hong Kong Stock Exchange, though it is open to all countries, said a Ficci-IIFA global business delegate after a meeting with the Hong Kong market regulator.

"The reason for Indian companies not (listing) on the Hong Kong Stock Exchange (has nothing to do with) cultural links. Most Indians feel more comfortable going to the West or Singapore than to a Chinese-dominated city," said former Tata Sons Executive Director Alan Rosling, sharing what was discussed in the meeting.

This is the fifth Ficci-IIFA Global Business Forum.

"The impression (we gather is that) a lot of it is around mindset," he said, adding that the Hong Kong bourse has no restrictions for Indian firms but so far not one has listed, just as Chinese companies do not feel comfortable going to India.

Rosling was one of the 40 Ficci-India International Film Awards Global business delegates who met representatives of the Hong Kong market regulator Securities and Futures Commission (SFC), Hong Kong Stock Exchange and Hong Kong Monetary Authority.