The Hong Kong stock exchange (HKEx) and Hong Kongs
Securities and Futures Commission (SFC) are set to revise their
misleading Joint Policy Statement on overseas
Speaking at IFLRs Asia Capital Markets Forum this
week, HKExs listing head, Mark Dickens said both the
exchange and the SFC had agreed that the document now provided
a very misleading outline of regulatory requirements relating
to transaction structure in Hong Kong.
Chief among a long list of revisions to be made to the
document, was the removal of the Hong Kong Companies Ordinance
as a regulatory benchmark.
The Joint Policy Statement says potential ListCos must
have similar special resolution mechanisms to the Hong Kong
Companies Ordinance, Dickens said.
But different jurisdictions have different mechanisms