Hong Kong Exchange Publishes New Listing & IPO Guide for Applicants & Advisors to Prepare for Hong Kong Listing, New Guide will be Effective on 1st January 2024
1st December 2023 | Hong Kong
The Hong Kong Exchange (HKEX) has published a new listing & IPO guide for applicants & advisors to prepare for a Hong Kong listing, with the new guide to be effective on 1st January 2024. HKEX: “The Exchange aims to assist applicants and their advisors to better understand the Exchange’s interpretation of certain Listing Rules and related requirements, as well as the Exchange’s expectations regarding the standards and quality of listing document disclosure, which are crucial to enable investors to make a properly informed assessment of an applicant. The Guide consolidates all currently effective guidance letters and listing decisions related to New Listing, and presents the subject matter in a more user friendly format that is also easier to follow. There are no major changes to existing New Listing guidance. Going forward, the Exchange will issue new guidance by way of updating the Guide instead of publishing separate/ standalone guidance letters and listing decisions.” More info below:
“ Hong Kong Exchange Publishes New Listing & IPO Guide for Applicants & Advisors to Prepare for Hong Kong Listing, New Guide will be Effective on 1st January 2024 “
HKEX Head of Listing, Katherine Ng: “At HKEX, we are committed to continuously enhancing our Listing guidance materials to support continued development of our listing franchise. We believe that with this guide on hand, the market is better equipped to understand the Exchange’s approach and interpretation of Listing Rules requirements, further facilitating the fundraising needs of tomorrow and strengthening the overall competitiveness of our markets.”
Hong Kong Exchange Publishes New Listing & IPO Guide for Applicants & Advisors to Prepare for Hong Kong Listing
29th November 2023 – The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), today (Wednesday) publishes the Guide that brings together all relevant guidance materials into one location, to better support the work of New Listing applicants and their advisers as they prepare their Hong Kong listing journey.
The Exchange aims to assist applicants and their advisors to better understand the Exchange’s interpretation of certain Listing Rules and related requirements, as well as the Exchange’s expectations regarding the standards and quality of listing document disclosure, which are crucial to enable investors to make a properly informed assessment of an applicant. The Guide consolidates all currently effective guidance letters and listing decisions related to New Listing, and presents the subject matter in a more user friendly format that is also easier to follow. There are no major changes to existing New Listing guidance. Going forward, the Exchange will issue new guidance by way of updating the Guide instead of publishing separate/ standalone guidance letters and listing decisions.
The Guide is divided into 6 main sections and an annex:
- Eligibility and suitability for listing;
- Special listing regimes;
- Disclosure in a listing document generally applicable to all New Listing applicants;
- Specific topics relating to a New Listing application;
- Other listing structures;
- Other matters; and
- Annex – streamlined listing decisions.
The Guide will come into effect on 1 January 2024, upon which the corresponding guidance letters and listing decisions will be archived.
Note 1: See Main Board Listing Rule 1.01/ GEM Listing Rule 1.01
About HKEX
Hong Kong Exchanges and Clearing Limited (HKEX) is a publicly-traded company (HKEX Stock Code:388) and one of the world’s leading global exchange groups, offering a range of equity, derivative, commodity, fixed income and other financial markets, products and services, including the London Metal Exchange. As a superconnector and gateway between East and West, HKEX facilitates the two-way flow of capital, ideas and dialogue between China and the rest of the world, through its pioneering Connect schemes, increasingly diversified product ecosystem and its deep, liquid and international markets. HKEX is a purpose-led organisation which, across its business and through the work of HKEX Foundation, seeks to connect, promote and progress its markets and the communities it supports for the prosperity of all.
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