Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKEx Modifies Proposed Structures For Listing Matters

Date 24/07/2002

Hong Kong Exchanges and Clearing Limited (HKEx) has modified the new structures for listing matters proposed on 6 May. HKEx also plans to streamline the listing process and strengthen the procedures for vetting listing applications.

Under the modified proposal, a new integrated Listing Committee would be introduced to decide on the Listing Division's recommendations on listing applications and delistings. The original proposals on disciplinary matters have not been changed.

The objectives of the original and modified proposals are the same. Both were designed to provide a simpler administrative framework along with the necessary checks and balances.