Hong Kong's Securities Watchdog Eyes IPO Reform
Market regulator reviews rules to potentially allow smaller but high-potential tech companies to list in Hong Kong, according to SFC chair Kelvin Wong.
"These ongoing reviews will promote the market development of Hong Kong while at the same time ensure sufficient investor protection is in place,"
Kelvin Wong Tin-yau said in a media briefing. The review aims to allow more diverse enterprise listings under a framework introduced in 2018.
- Allow pre-revenue biotechnology firms to list
- Allow companies with multiple voting rights to list
"The regulatory principle here is to ensure the overall market quality of Hong Kong,"
Wong said. The review has yet to be concluded, with no timeline for its completion.
Author's summary: Hong Kong reviews IPO rules to attract tech firms.