Micro-credit IPO ‘has its benefits’

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Despite being unpopular with authorities, there are advantages to listings of micro-credit companies, said a lawyer who worked on Quanzhou Huixin Micro-credit’s IPO on the main board of the Hong Kong Stock Exchange (HKEx), only the second such listing.

“Micro-credit companies are neither the mainstream for listing in Hong Kong nor welcomed by HKEx and the Securities and Futures Commission,” Allen Shyu, a Beijing-based partner at Troutman Sanders and a lead partner in the listing, told China Business Law Journal.

micro-credit-ipo-has-its-benefits“In fact, micro-credit companies are relatively popular among investors, as their business model is quite simple – that is, making profit by loans,” said Shyu.

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