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...