The Hong Kong Stock Exchange’s Concept Paper on a New Board and Consultation on Changes to the GEM and Main Board Listing Rules: What You Need to Know
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The Stock Exchange of Hong Kong Limited recently released its long-awaited concept paper on a potential new board and its related consultation paper on its review of the Growth Enterprise Market and proposed changes to the GEM and Main Board Listing Rules. Together, the papers form a holistic review of the Hong Kong listing framework, including the introduction of a new board in Hong Kong targeted at “new economy” companies, as well as proposed changes with respect to the listing criteria for the Main and GEM Boards.
This Client Briefing sets out a summary of the key features of both papers and the rationale behind them.
