HKEX 'to keep refining IPO system for mainland firms'
The chief executive of Hong Kong Exchanges and Clearing (HKEX), Bonnie Chan, said the stock exchange will continue to optimise its listing framework to make it easier for mainland enterprises to list in the city. Speaking on the RTHK programme "On Broadcast Drive", she pointed out that the HKEX plays a crucial role in consolidating and enhancing Hong Kong’s status as an international financial…
Hong Kong Exchanges and Clearing (HKEX) chief executive Bonnie Chan announced that the stock exchange will continue to refine its listing framework to facilitate mainland enterprises in listing in Hong Kong. Chan emphasized the HKEX's role in bolstering Hong Kong's international financial center status while aligning with the nation's 15th Five-Year Plan.
She revealed that the HKEX has adapted its rules to simplify the IPO application process for mainland firms. The latest batch of companies, spanning diverse sectors like AI, biotech, and new energy, often require significant investments in research and development. Chan pointed out that supporting their development necessitates tailoring listing rules to their specific needs.
Previously, companies had to demonstrate profitability for three consecutive years before listing. However, the HKEX has been committed to creating more customized listing categories in recent years. Chan highlighted the importance of enhancing stock market liquidity, but also stressed the need to build a multi-asset ecosystem.
Recognizing the growing interest of overseas investors in diversifying portfolios beyond traditional stocks and bonds, Chan said the HKEX is developing additional investment options in fixed income, currencies, and commodities. To address exchange-rate risks, the HKEX aims to introduce more yuan-denominated investment products.
Written by urgent.news from RTHK English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
