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Hong Kong Exchanges and Clearing Limited (HKEx) today (Friday) published its Consultation Conclusions on Proposed Changes to Filing and Checklist Requirements for Listing of Equity Securities (Consultation Conclusions).
On 26 June this year, HKEx published a consultation paper on proposals to streamline the listing process for initial public offerings and for listing of equity securities by listed issuers.
HKEx received a total of 25 submissions. Overall market feedback indicated full support for the proposals.
"We are encouraged by the broad support. We believe that the streamlined listing process will shorten preparation time, lower costs and reduce the paperwork burden. This has been achieved without making any substantive changes in content requirements," said Mark Dickens, HKEx's Head of Listing.
"We will continue our efforts to further improve our listing process without compromising market quality," Mr Dickens added.
The Consultation Conclusions can be downloaded from the "Market Consultation - Consultation Conclusions" section of the HKEx website.
Amendments to the Listing Rules can be downloaded from the "Regulatory Framework and Rules - Rules and Guidelines on Listing Matters - Listing Rule Update for Main Board Listing Rules" and the "Regulatory Framework and Rules - Rules and Guidelines on Listing Matters - Listing Rule Update/Interpretation for GEM Listing Rules" sections of the HKEx website.
The Listing Rule amendments will become effective on 2 November 2009.
