HKEX has work cut out to attract listings

Author: Karry Lai | Published: 5 Dec 2017

Hong Kong needs to maintain a fine balance between accommodating for new economy companies and maintaining a high listing standard, according to panellists at IFLR’s Asia Capital Markets Forum 2017 in Hong Kong on November 28.

This discussion is taking place against the backdrop of a recently completed joint consultation by the Securities and Futures Commission (SFC) and the Stock Exchange of Hong Kong (HKEX) on proposed enhancements to the HKEX’s decision-making and governance structure. 

A new Listing Policy Panel will be established as an advisory, consultative and steering body outside the SFC and HKEX. The SFC will continue to directly intervene in serious listing matters and HKEX’s Listing Committee will continue to make decisions under the Listing Rules, including decisions on suitability for listing. Looking to 2018, there will be a consultation on the review system for decisions of the...