Israel has laid out the welcoming mat to Chinese companies and investors who may face more troublesome regulations and scrutiny elsewhere. The first IPO (initial public offering) of an Israeli high-tech company on a Chinese stock exchange, Hong Kong, is expected within the year.
Ferry Biedermann; special to CNBC.com Tuesday, 18 Jul 2017
China's investors and markets are becoming increasingly important to
Israel's economy, and in particular to its booming high-tech industry.
The first IPO (initial public offering)
of an Israeli high-tech company on a Chinese stock exchange, Hong Kong,
is expected within the year and Chinese investments in Israeli
high-tech venture capital approached $1 billion in 2016, industry
experts say.
"The Chinese stock exchange
market will become another very viable option for Israeli companies
looking for public funding," if the first IPO goes off successfully, Eli
Tidhar of Deloitte Israel, told CNBC.
Tidhar heads what Deloitte calls its
"Israel-China corridor". Israel has laid out the welcoming mat to
Chinese companies and investors who may face more troublesome
regulations and scrutiny elsewhere.
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