HKEx Report On Initial Public Offering Applications, Delisting And Suspensions As At 31 October 2011

					Main Board	GEM	Total
New Applications Accepted
	a.		October 2011
			(i)	Application(s) made by companies pursuant to Chapter 8 of the Main Board Listing Rules/ Chapter 11 of the GEM Listing Rules	9	4	13
			(ii)	Application(s) made by investment vehicle(s) pursuant to Chapters 20 and 21 of the Main Board Listing Rules	1	N/A	1
			(iii)	Application(s) for transfer of listing from GEM to Main Board	1	N/A	1
			(iv)	Deemed new applicant(s) pursuant to Main Board Listing Rule 8.21C or Main Board Listing Rule 14.84, and very substantial acquisition(s) treated as reverse takeover(s) pursuant to Main Board Listing Rule 14.06(6)/GEM Listing Rule 19.06(6)	1 __________	0 __________	1 ________
			Sub-total		12	4	16
	b.		2011 Year-to-date
			(i)	Application(s) made by companies pursuant to Chapter 8 of the Main Board Listing Rules/ Chapter 11 of the GEM Listing Rules	156	36	192
			(ii)	Application(s) made by investment vehicle(s) pursuant to Chapters 20 and 21 of the Main Board Listing Rules	8	N/A	8
			(iii)	Application(s) for transfer of listing from GEM to Main Board	14	N/A	14
			(iv)	Deemed new applicant(s) pursuant to Main Board Listing Rule 8.21C or Main Board Listing Rule 14.84, and very substantial acquisition(s) treated as reverse takeover(s) pursuant to Main Board Listing Rule 14.06(6)/GEM Listing Rule 19.06(6)	2 __________	0 __________	2 ________
			Sub-total		180	36	216
Approvals in principle granted⁽¹⁾
	a.	October 2011			7	3	10
	b.	2011 Year-to-date			98	11	109
Active applications⁽¹⁾ (as at 31 October 2011)
1.	Under processing (based on listing application form accepted):
	a.	New applications accepted since 1 January 2011			79	23	102
	b.	Others			1 __________	2 __________	3 ________
		Sub-total			80	25	105
2.	Approval in principle granted
	a.	Approvals granted since 1 January 2011			25	4	29
	b.	Others			0 __________	0 __________	0 ________
Total					105	29	134

Inactive applications⁽²⁾ (since 1 January 2011)
1.	Lapsed
	a.	Approval in principle granted but not listed prior to application lapsed		42	2	44
	b.	Others		48	12	60
2.	Rejected			1	0	1
3.	Withdrawn			1 __________	0 __________	1 ________
	Sub-total			92	14	106
4.	Renewals⁽³⁾			(38) _________	(8) __________	(46) ________
Total				54	6	60
No. of new listings(since 1 January 2011)
		(i)	Companies listed pursuant to Chapter 8 of the Main Board Listing Rules/Chapter 11 of the GEM Listing Rules	53	9	62
		(ii)	Investment vehicle(s) listed pursuant to Chapters 20 and 21 of the Main Board Listing Rules	9	N/A	9
		(iii)	Transfer of listing from GEM to Main Board	12	N/A	12
		(iv)	Deemed new listing(s) pursuant to Main Board Listing Rule 8.21C or Main Board Listing Rule 14.84, and very substantial acquisition(s) treated as reverse takeover(s) pursuant to Main Board Listing Rule 14.06(6)/GEM Listing Rule 19.06(6)	0 __________	1 __________	1 ________
		Total		74	10	84

First Comment Letters Issued⁽⁴⁾
	a.	October 2011	13
	b.	Average number of days taken between the date of application and the date of issue of related first comment letter⁽⁵⁾	16

Guidance issued to potential new listing applicants or their advisers on matters relating to the Listing Rules
	a.	October 2011	9
	b.	Average number of days taken between the date of request for guidance and the date of issue of written response⁽⁵⁾	8

⁽¹⁾	Includes application(s) by investment vehicle(s) pursuant to Chapters 20 and 21 of the Main Board Listing Rules, application(s) for transfer of listing from GEM to the Main Board, and deemed new applicant(s) pursuant to Main Board Listing Rule 8.21C or Main Board Listing Rule 14.84, and very substantial acquisition(s) treated as reverse takeover(s) pursuant to Main Board Listing Rule 14.06(6)/GEM Listing Rule 19.06(6).
⁽²⁾	Includes any application (or renewal) not approved, rejected or withdrawn within six months.
⁽³⁾	Includes all applications accepted within three months following a lapsed, rejected or withdrawn application by the same applicant.
⁽⁴⁾	First comment letters are the first letters issued by the staff of the Listing Division that contain the Listing Division’s comments on the respective listing applications.
⁽⁵⁾	Covers only the first comment letters/guidance letters issued in this month. For the reports issued from January 2011 onwards, non-business days have been subtracted from “the average number of days taken”.

Delisting and Suspension Information
(As at 31 October 2011)

				Main Board	GEM	Total
(a)	Number of delisted companies (since 1 January 2011)
	a.	Withdrawal of listing pursuant to privatisation		1	0	1
	b.	Transfer of listing from GEM to Main Board		N/A	12	12
	c.	Cancellation of listing pursuant to delisting procedures under the Listing Rules		2	0	2
	d.	Voluntary withdrawal of listing		1 __________	0 __________	1 __________
Total				4	12	16
(b)	Number of companies in suspension for three months or more (as at 31 October 2011)
	a.	Companies not in delisting procedures		18	6	24
	b.	a)	Main Board companies in delisting procedures:

			- first stage of delisting⁽⁶⁾	3	N/A	3
			- second stage of delisting⁽⁷⁾	6	N/A	6
			- third stage of delisting⁽⁷⁾	3	N/A	3
		b)	Main Board companies served with a notice of intention of cancellation of listing under Main Board Listing Rule 6.10	0	N/A	0
	c.	GEM companies given 6 months' notice for delisting		N/A	2	2
	d.	Delisting approved by the Listing Committee		2*	1*	3*
	e.	Resumption proposal approved in principle by the Exchange subject to fulfillment of conditions		8 __________	1 __________	9 __________
Total				40	10	50

Other Information
(As at 31 October 2011)

		Main Board	GEM	Total
(c)	Number of listed companies (as at 31 October 2011)	1,306	166	1,472

⁽⁶⁾	Where the Exchange has issued a letter to the long-suspended company informing it of the commencement of the delisting procedures and that the Exchange will consider placing the company in the second stage of delisting if the company fails to submit a viable resumption proposal by the deadline set out in the letter.
⁽⁷⁾	Long-suspended Main Board companies having problems with sufficient operations or assets are placed in the second and third stages of delisting under Practice Note 17 to the Main Board Listing Rules.
*	The companies applied to the Exchange to review the delisting decision. The review procedures are in progress.

This report is updated on the last trading day of each month.