Sino-File

Banking on biotech

“Do I lose sleep? Yes I do, because the last thing we want is to actually start a sector and the first five companies eventually turn out to be a bust”

Hong Kong Exchanges and Clearing Chief Executive Charles Li speaks in front of the logo of HKEx in Hong Kong

Charles Li: losing sleep

HKEx chief executive Charles Li on the wave of pre-revenue biotech companies from China that will be permitted to list on Hong Kong’s stock exchange. Bankers say there are about 10 biotech firms keen to float. About 800 new molecules are either under trial or in pre-trial testing in China, up from 240 in 2012, the Financial Times has reported.


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