Listing Regime for Specialist Technology Companies in Hong Kong
March, 2023 - Xiping(Felix) MIAO, Ethle Tang, Tao Li, Elliot LEUNG, Anna YIP, Matthew WONG, Zhuxi ZHANG
On March 24, 2023, The Stock Exchange of Hong Kong Limited ("HKEX") published its consultation conclusions ("Consultation Conclusions") regarding the proposed new listing regime for specialist technology companies. The new regime will be incorporated predominantly under the new Chapter 18C ("Chapter 18C") of The Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited ("Listing Rules") and in the related new HKEX guidance letter ("Guidance Letter"), which will take effect on March 31, 2023. This article outlines the key rules and guidance provisions.