Search for:
Corporate Compliance

Hong Kong: The Exchange proposes GEM listing reforms to attract more listings from SMEs

By , , and 1 Min Read

In brief

On 26 September 2023, The Stock Exchange of Hong Kong Limited (“Exchange“) published its consultation paper on GEM listing reforms. The proposals have the objective of encouraging and facilitating listings of small and/or medium-sized enterprises (SMEs) on GEM while upholding high standards of investor protection. The consultation period will close on 6 November 2023. Subject to market feedback, the Exchange expects that the rule amendments will come into effect in early 2024.

Key proposals

Below is a high level summary of the major proposals which, if adopted, will provide GEM listing applicants and GEM listed issuers with greater flexibilities in respect of initial listing requirements, transfer mechanism to the Main Board of the Exchange and post-listing continuing obligations.

Click here to access the full alert.

Categories:
Author

Christina Lee is a partner in Baker McKenzie's Hong Kong office and the Co-Head of the Firm's Capital Markets Practice Group in Hong Kong and China.

Author

Mr. Wang is a partner in our Capital Markets Practice Group. Mr. Wang’s practice focuses on initial public offering and corporate finance practice, restructuring, mergers and acquisitions, corporate governance and general commercial transactions. Mr. Wang also provides legal advice to listed companies on their compliance of listing rules and other regulatory matters.

Author

Sheng Chen is a registered foreign lawyer in Baker McKenzie's Hong Kong office and a member of the Firm's Capital Markets Practice Group.

Author

Emmy Lo is a Knowledge Lawyer in Baker McKenzie, Hong Kong office.

Related Posts

Write A Comment