Jug of Tsingtao beer
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Tsingtao: 20 years after HK listing

This week marks 20 years since the first overseas listing by a Chinese firm, Tsingtao Brewery. Juliana Liu reports.

This week marks the 20th anniversary of the first overseas listing by a Chinese company.

Tsingtao Brewery debuted on the Hong Kong Stock Exchange on 15 July 1993.

The hope at the time was that a wave of new listings would mark the start of China's financial opening up to the world.

But, as our Hong Kong correspondent Juliana Liu reports, the reality may have fallen short of expectations.