The Stock Exchange of Hong Kong enlarges the GEM Listing Committee

The Stock Exchange of Hong Kong amended the GEM Listing Rules and appointed additional members to the Growth Enterprise Market (GEM) Listing Committee at a meeting of the Exchange Council today (Wednesday). Following amendments to Chapters 3 and 4 of the GEM Listing Rules, the number of the GEM Listing Committee member was increased from 13 to 21, with no alternate members. The new composition of the GEM Listing Committee follows: four stockbroker or Council members; (i) four listed company members; 12 market practitioner and user members; and the Chief Executive of the Exchange, ex officio. The GEM Listing Committee was enlarged to cater to practical needs. It allows more members to process listing matters, including listing applications and admission of sponsors. The rule changes come into immediate effect.