China’s Everest Medicines Makes Hong Kong Trading Debut

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  • Bloomberg Markets and Finance published this video item, entitled “China’s Everest Medicines Makes Hong Kong Trading Debut” – below is their description.

    Oct.08 — Kerry Blanchard, chief executive officer of Chinese biotech firm Everest Medicines Ltd., talks about the company’s initial public offering in Hong Kong and its growth strategy. Everest focuses on developing drugs already discovered or marketed overseas for the China and Asia markets by licensing development and commercialization rights from the innovators. The stock rose more than 30 percent in its trading debut. Blanchard speaks on “Bloomberg Markets: Asia.”

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    In This Story: Hong Kong

    Hong Kong, officially the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR), is a metropolitan area and special administrative region of the People’s Republic of China on the eastern Pearl River Delta of the South China Sea. With over 7.5 million residents of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated places in the world.

    Hong Kong became a colony of the British Empire after the Qing Empire ceded Hong Kong Island at the end of the First Opium War in 1842. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898. The whole territory was transferred to China in 1997. As a special administrative region, Hong Kong maintains separate governing and economic systems from that of mainland China under the principle of “one country, two systems”.

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