More Russian companies expected to hit Hong Kong

Rusal's listing in Hong Kong in January may have had its share of controversy at the time, but participants at the AsianInvestorFinanceAsia Russia Capital Raising and Investment Summit in Hong Kong last week agreed that it changed the way Russian companies view their overseas listing alternatives.

Hong Kong is now definitely one of the exchanges they will consider, alongside London and New York, and one of the key edges that this market has over its counterparts in the West, according to the panel participants, is liquidity. Indeed, in 2009 more money was raised through initial public offerings in Hong Kong than on any other stock exchange in the world. The $31 billion...