A New Way Forward for New Economy Listings in Hong Kong

The Stock Exchange of Hong Kong Limited (the Exchange) has announced significant reforms to attract high-growth innovative companies to list on Hong Kong’s Main Board. The most eye-catching reform is the concession on the Exchange’s long-held “one-share-one-vote” principle – with the ability to list with non-traditional governance features (such as weighted voting rights) being made available to new economy companies with high market capitalisation, as well as established US-listed new economy companies via a secondary listing route.

In this Client Briefing, we provide an overview of the way forward and highlight the key requirements that companies wishing to take advantage of the new regime would need to meet.