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Hong Kong Vies for Blockbuster Aramco Listing as Saudi Ties Deepen
Aggregated Source: ChinaLegalBlog.com
MediaIntel.Asia

If Aramco chooses to list in Hong Kong, the deal would be a boon for the city.
Hong Kong officials are making a renewed push to convince Saudi Arabia’s national oil company to list its shares in the city, two months after a visit by Chinese leader Xi Jinping to the Middle Eastern country.
John Lee, Hong Kong’s chief executive, led a large delegation of government officials, bankers and other executives to Saudi Arabia this week, part of a wider tour of the Middle East. Mr. Lee told Amin Nasser , chief executive of oil giant Aramco, that Hong Kong’s stock exchange would welcome a secondary listing by the company. A deal could be valued at tens of billions of dollars, according to some bankers’ estimates.

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