Exclusive: HKEx announces business trust plans

Author: | Published: 12 May 2011

The listing of business trusts on the Hong Kong stock exchange (HKEx) will be possible from July this year, IFLR can reveal.

HKEx listing division head, Mark Dickens told IFLR the exchange had been working closely with Hong Kong’s Securities and Futures Commission (SFC) to put together a package enabling business trusts to list in the city.

Work on this regulatory package will be completed within two months, following wider consultations on some of the more complex points, he said.

The framework already established included simple modifications to the HKEx Listing Rules to allow for the different structure, as well as a more complex assessment of ways in which listed trusts could benefit from the...


 


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