HKEX Report On Initial Public Offering Applications, Delisting And Suspensions As At 30 December 2016

					Main Board	GEM	Total
New Applications Accepted
	a.		December 2016
			(i)	Application(s) made by companies pursuant to Chapter 8 of the Main Board Listing Rules/Chapter 11 of the GEM Listing Rules	3	7	10
			(ii)	Application(s) made by investment vehicle(s) pursuant to Chapters 20 and 21 of the Main Board Listing Rules	0	N/A	0
			(iii)	Application(s) for transfer of listing from GEM to Main Board	0	N/A	0
			(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)	0 ________	0 ________	0 ________
Total					3	7	10
	b.		2016 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	118	108	226
			(ii)	Application(s) made by investment vehicle(s) pursuant to Chapters 20 and 21 of the Main Board Listing Rules	35	N/A	35
			(iii)	Application(s) for transfer of listing from GEM to Main Board	12	N/A	12
			(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 _________
Total					167	108	275
Approvals in principle granted⁽¹⁾
	a.	December 2016			11	10	21
	b.	2016 Year-to-date			124	57	181
Active applications⁽¹⁾ (as at 30 December 2016)
1.	Under processing
	a.	New applications accepted since 1 January 2016			44	55	99
	b.	Others			2 _________	1 _________	3 _________
		Sub-total			46	56	102
2.	Approval in principle granted
	a.	Approvals granted since 1 January 2016			9	11	20
	b.	Others			0 _________	0 _________	0 _________
Total					55	67	122

Inactive applications⁽²⁾ (since 1 January 2016)
1.	Lapsed
	a.	Approval in principle granted but not listed prior to application lapsed		20	13	33
	b.	Others		50	49	99
2.	Rejected			6	7	13
3.	Withdrawn			3	1	4
4.	Returned⁽³⁾			2 _________	5 _________	7 _________
	Sub-total			81	75	156
	Offset by:
5.	Renewals⁽⁴⁾			(35)	(43)	(78)
6.	Returned cases resubmitted⁽⁵⁾			(0) _________	(0) _________	(0) _________
Total				46	32	78
No. of new listings(since 1 January 2016)
		(i)	Companies listed pursuant to Chapter 8 of the Main Board Listing Rules/ Chapter 11 of the GEM Listing Rules	75	45	120
		(ii)	Investment vehicle(s) listed pursuant to Chapters 20 and 21 of the Main Board Listing Rules	34	N/A	34
		(iii)	Transfer of listing from GEM to Main Board	6	N/A	6
		(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)	3 _________	0 _________	3 _________
Total				118	45	163

First Comment Letters Issued⁽⁶⁾
	a.	December 2016	10
	b.	Average number of days taken between the date of application and the date of issue of related first comment letter	22

Guidance issued to potential new listing applicants or their advisers on matters relating to the Listing Rules
	a.	December 2016	17
	b.	Average number of days taken between the date of request for guidance and the date of issue of written response⁽⁷⁾	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, returned, rejected or withdrawn within six months from date of application.
⁽³⁾	Applications accepted for vetting but subsequently returned on the ground that the information in the listing application proof or related documents is not substantially complete.
⁽⁴⁾	Includes all applications accepted within three months following a lapsed, rejected or withdrawn application by the same applicant.
⁽⁵⁾	Applications resubmitted to the Exchange after an 8-week moratorium from the date of the return letter.
⁽⁶⁾	First comment letters are the first letters issued by Listing Department staff that contain the comments on the respective listing applications. It only covers the first comment letters issued this month. For reports issued from January 2011 onwards, non-business days have been subtracted from "the average number of days taken". The figures exclude cases for a transfer of listing from GEM to the Main Board.
⁽⁷⁾	Covers only the guidance letters issued 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 30 December 2016)

			Main Board	GEM	Total
(a)	Number of delisted companies (since 1 January 2016)
	a.	Withdrawal of listing pursuant to privatisation	6	0	6
	b.	Transfer of listing from GEM to Main Board	N/A	6	6
	c.	Cancellation of listing pursuant to delisting procedures under the Listing Rules	1	1	2
	d.	Voluntary withdrawal of listing	5 _________	0 _________	5 _________
Total			12	7	19
(b)	Number of companies in suspension for three months or more (as at 30 December 2016)
	a.	Companies not in delisting procedures	31	1	32
	b.	Main Board companies in delisting procedures:
		- first stage of delisting⁽⁸⁾	4	N/A	4
		- second stage of delisting⁽⁹⁾	6	N/A	6
		- third stage of delisting⁽⁹⁾	11	N/A	11
	c.	GEM companies given 6 months' notice for delisting	N/A	0	0
	d.	Delisting approved by the Listing Committee	1*	1*	2
	e.	Resumption proposals approved in principle by the Exchange subject to fulfillment of conditions	0 _________	1 _________	1 _________
Total			53	3	56

Other Information
(As at 30 December 2016)

		Main Board	GEM	Total
(c)	Number of listed companies (as at 30 December 2016)	1,713	260	1,973

⁽⁸⁾	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.
⁽⁹⁾	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 decisions. The review procedures are in progress.

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