Monday, 19 June 2017

Hong Kong: HKEX publishes New Board concept paper

Hong Kong Exchanges and Clearing Limited (HKEX) has published a concept paper on the formation of a New Board, in addition to the current Main Board and Growth Enterprise Market (GEM): see here (pdf). Companies listing on the New Board would be divided into two segments: one called "Pro" for companies not meeting the financial or track record criteria for GEM or the Main Board; and another called "Premium" for companies meeting these criteria but having what the paper refers to as "non-standard" governance structures. HKEX is also reviewing the GEM and Main Board listing rules: see here.

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