Nasdaq Dubai eyes Chinese IPOs with a strategic partnership

By Rahul Vaimal, Associate Editor
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Nasdaq Dubai
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Dubai-based stock exchange, Nasdaq Dubai has entered into a strategic cooperation agreement with Hong Kong-based Zhongtai Financial International and Beijing Tian Tai Law Firm Shanghai Branch, to support Chinese companies that wish to list on the financial exchange.

Under the agreement, the three parties will use their expertise to provide support and guidance to Chinese companies that wish to carry out initial public offerings (IPO) on Nasdaq Dubai as well as list bonds, real estate investment trusts, REITs, funds and other securities.

The agreement also covers the deposit of securities into the exchange’s Central Securities Depository. In the case of shares, this will enable companies to join Nasdaq Dubai’s Private Market, which can be the start of a journey towards a capital market transaction.

Hamed Ali
Hamed Ali
CEO – Nasdaq Dubai
Deputy CEO
Dubai Financial Market

“Building on the close relationship between the UAE and China, Nasdaq Dubai offers a warm welcome to Chinese companies that seek regional and international investment as well as high global visibility for their businesses as they expand. Investors are eager to support Chinese enterprises that are active inside China’s growing economy as well as pursuing dynamic Belt and Road initiatives. The expertise of Zhongtai Financial International and Beijing Tian Tai Law Firm Shanghai Branch will be of valuable assistance to Chinese issuers as they plan their listing.”

Nasdaq Dubai has hosted 19 debt issuances worth $11.3 billion from Chinese companies since 2014. They include two bonds totaling $1.2 billion listed by the Hong Kong branch of China Construction Bank in August 2020 and two bonds totaling $1 billion listed by the Industrial and Commercial Bank of China in October 2019.

Nasdaq Dubai

Nasdaq Dubai is a multi-currency exchange that has hosted listings in renminbi, euros and sterling among others. It is the largest exchange in the Middle East for US-dollar denominated debt listings at $82 billion. Its investor base is spread across more than 100 countries.

Zhongtai Financial International

Zhongtai Financial International is a subsidiary of Zhongtai Securities Company based in Jinan which has 33 branches across China and is a prominent provider of integrated investment banking services.

Beijing Tian Tai

Beijing Tian Tai Law Firm has branches in cities across China. Its more than 800 lawyers include experts in a variety of offshore capital markets transactions including Belt and Road activities.