TMT firms looking to HK bourse

City's revised listing rules, slowing of approvals in mainland behind shift

Chinese mainland technology, media and telecommunications sector's IPOs in Hong Kong are expected to reach a peak in the second half of the year, according to accounting firm PricewaterhouseCoopers.

The number of Chinese mainland TMT industry IPOs reached 26 in the first half of 2018, down 47 percent from the second half of 2017. The total proceeds amounted to 57.8 billion yuan ($8.4 billion), up 15 percent from the second half of 2017.