The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), today publishes guidance materials to enhance the transparency of its initial public offering (IPO) application process.
These materials are part of an ongoing effort to streamline the listing application process, an effort kick-started by the publication in June this year of the Consultation Paper on Proposed Changes to Filing and Checklist Requirements for Listing of Equity Securities.
Discussions with market participants leading to the public consultation revealed a number of them wished to see guidance over a broad range of subjects. In response, the Exchange has compiled these guidance materials.
"We will continue to listen to market participants and consider streamlining measures that are in line with the principle of market quality," said HKEx's Head of Listing, Mark Dickens.
The guidance materials are:
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Guidance
letter GL06-09: Exchange practice on accepting early
filings of IPO applic |
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Guidance
letter GL07-09: documentary requirements on (a)
re-filing of a listing application within and after three months of the
lapse of the original applic |
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Guidance
letter GL08-09: use of cautionary language when
presenting different types of quoted st |
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Guidance letters
GL09-09 to GL11-09: common waiver conditions rel |
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- | Publication of first annual report and first annual results; and | |
- | Disclosure of pre-IPO share option scheme(s). | |
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Listing decision series 68: case report on a waiver of the post-IPO fund raising prohibition in the case of an issuer seeking a dual primary listing. |
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Listing
decision series 69: case report on how an issuer
should demonstr |
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Listing
decision series 70: case report on the Exchange's
acceptance of |
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Online routine comments: |
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- | Routine comments for Main Board equity issuers | |
- | Routine comments for Collective Investment Scheme issuers | |
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- | Routine
comments for |
The Exchange plans to publish guidance m at erials on subjects of common interest regularly.