Hong Kong Capital Markets Update – Issue 1, March 2018

Hong Kong Capital Markets Update – Issue 1, March 2018

Overview of the HKEX’s consultation on introducing a new listing regime for companies from emerging and innovative sectors

1000

Related content

stock digits

On 23 February 2018, the Hong Kong Stock Exchange (the Exchange) launched a formal consultation to seek public feedback on its proposal to introduce a new listing regime for companies from emerging and innovative sectors. This consultation follows the conclusions to the New Board Concept Paper published by the Exchange on 15 December 2017. The consultation period will end on 23 March 2018.

In the consultation paper, the Exchange proposes the introduction of three new chapters to the Main Board Listing Rules to allow the listing of:

  • Biotech companies that do not meet any of the financial eligibility tests of the Main Board
  • High growth and innovative companies with weighted voting right structures 
  • Qualifying Issuers* seeking a secondary listing on the Exchange

This Hong Kong Capital Markets Update provides an overview of the Exchange’s consultation and the three new chapters to the Main Board Listing Rules.

*A Qualifying Issuer is an issuer that has a primary listing on the New York Stock Exchange LLC (NYSE), Nasdaq Stock Market (Nasdaq) or the Main Market of the London Stock Exchange (LSE) (and belongs to the “Premium Listing” segment of the Financial Conduct Authority of the United Kingdom).

© 2022 KPMG Huazhen LLP, a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in Mainland China, KPMG, a Macau (SAR) partnership, and KPMG, a Hong Kong (SAR) partnership, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organisation.

For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.

京ICP备12028186号-1
京公网安备11010102003233号

Connect with us