The move will open the door to more Chinese support as mainland investors will be able to buy the group's shares more easily via Hong Kong's Stock Connect link. The stock rose by 5% on Tuesday
Beijing also should consider lowering the profitability threshold for IPOs by tech firms and start-ups, Morgan Stanley Securities (China) CEO Jing Qian said
Two Chinese regulators announced draft rules for firms' offshore listings over the past week, giving some clarity on how they plan to monitor capital market activities amid the regulatory crackdown.
The CSRC has proposed that banks that manage a Chinese firm's offshore listing to register with them and file annual reports on the listings they work on
The NDRC said on Monday that companies in sectors subject to Beijing's foreign investment restrictions must seek government approval for offshore listings.