Homepage
PR Newswire
15-12-2017, 05:47 PM
Hong Kong overhauls city’s stock listing rules to attract biotech, tech companies to raise funds
The overhaul in the listing regulations and procedures, the most drastic in three decades, will take effect in mid-2018, according to the exchange operator.
Enoch Yiu
PUBLISHED : Friday, 15 December, 2017, 5:02pm
UPDATED : Friday, 15 December, 2017, 5:11pm
Hong Kong’s stock exchange has unveiled the biggest overhaul in its listing rules and procedures in three decades, in an overture to giant technology companies seeking to raise capital, as the city tries to catch up with New York and Shanghai in the race to be the world’s largest market for initial public offers.
The bourse will abandon an earlier plan for a so-called Third Board for start-ups, but instead create two additional chapters in its listing regulations for biotechnology firms and companies with multiple classes of shares to raise capital, according to the Hong Kong Exchanges and Clearing Limited, the market operator.
“The market has changed substantially in 30 years, it’s time to make a change,” said Charles Li Xiaojia, the chief executive of the bourse. “If we don’t change our listing rules, we will miss the boat.”
More details in https://www.bloomberg.com/news/articles/...-customers
The overhaul in the listing regulations and procedures, the most drastic in three decades, will take effect in mid-2018, according to the exchange operator.
Enoch Yiu
PUBLISHED : Friday, 15 December, 2017, 5:02pm
UPDATED : Friday, 15 December, 2017, 5:11pm
Hong Kong’s stock exchange has unveiled the biggest overhaul in its listing rules and procedures in three decades, in an overture to giant technology companies seeking to raise capital, as the city tries to catch up with New York and Shanghai in the race to be the world’s largest market for initial public offers.
The bourse will abandon an earlier plan for a so-called Third Board for start-ups, but instead create two additional chapters in its listing regulations for biotechnology firms and companies with multiple classes of shares to raise capital, according to the Hong Kong Exchanges and Clearing Limited, the market operator.
“The market has changed substantially in 30 years, it’s time to make a change,” said Charles Li Xiaojia, the chief executive of the bourse. “If we don’t change our listing rules, we will miss the boat.”
More details in https://www.bloomberg.com/news/articles/...-customers
Specuvestor: Asset - Business - Structure.
