The reforms in London’s stock markets are seen as a major attraction by Hong Kong’s CK infrastructure

The recent overhaul of London’s listing rules has made the UK stock market more attractive, according to Andy Hunter, deputy director of CK Infrastructure, the first company to go public under the new regulations.

Hunter praised the reforms as “very welcome,” citing the streamlined process as a key factor in the company’s decision to pursue a secondary listing in London.

CK Infrastructure, a Hong Kong-based conglomerate with a market capitalization of almost £14 billion, joined London’s main market on Monday, becoming the first company to do so since the Financial Conduct Authority’s (FCA) sweeping reforms in late 2019 came into force. July. Hunter noted that the changes have simplified both the listing process and ongoing regulatory requirements for UK-listed companies, making London a more attractive location for international companies.

The move is seen as a positive sign for the London Stock Exchange, which has been working to maintain its competitiveness amid growing concerns that it will lose business to other global financial centers, especially New York. The reforms are part of the FCA’s efforts to revitalize the London market by simplifying the rulebook and attracting more companies to list in Britain. However, the changes have not been without controversy as they limit some investor protections, prompting warnings that they could undermine Britain’s reputation for high governance standards.

Despite these concerns, CK Infrastructure’s decision to list in London, rather than considering other markets, underlines Britain’s appeal under the new rules. The company, which has a significant presence in Britain through its ownership of assets such as Northumbrian Water and UK Power Networks, saw a London stock exchange listing as a natural progression after two decades of investing in the country.

Hunter also expressed confidence in the new UK government, led by Labour, stating that CK Infrastructure believes the current government will promote a favorable investment environment. This approval comes as Chancellor Rachel Reeves is actively seeking to attract foreign investment to boost economic growth, recently engaging with major investors in New York and Toronto.