SF Holding has applied to list on the Hong Kong Exchange, the latest express delivery company to try to jump aboard the Hong Kong market. If the application is approved, it will be the first delivery company to be both listed in the mainland and Hong Kong.
J&T Express and Cainiao are taking similar routes. A Hong Kong listing is thought to be a surefire way to raise overseas investment.
SF operates across 84 countries and regions with the largest fleet of aircraft in the Chinese logistics sector but remains well behind UPS, DHL and FedEx.
Anticipating a net income increase of 60 percent year on year, SF's revenue from the supply chain and international business sector rose from 13 billion yuan (US$1.8 billion) in 2020 to 88 billion yuan last year, constituting over 30 percent of revenue.
