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SFC, HKEX Optimize Timeline for Approval Process for IPO Applications; Eligible A Shrs May Get Approval w/ Fast Track
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The Securities and Futures Commission (SFC) and the Hong Kong Stock Exchange under HKEX (00388.HK) jointly announced an enhanced timeframe for the New Listing application process to further elevate Hong Kong’s attractiveness as the leading international listing venue in the region, allowing the SFC and the Stock Exchange to provide greater clarity and certainty to the timeline for reviewing New Listing applications. In addition, if an existing A-share listed company, when submitting a New Listing application, meets the criteria: (a) it is expected to have a minimum market capitalization of $10 billion; and (b) it can confirm, with the support of legal advisers’ opinion, that it has complied with all laws and regulations, in all material respects, applicable to its A-share listing throughout the previous two full financial years, then the A-share listed company is eligible for an accelerated timeframe for the New Listing application process. AAStocks Financial News |
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