Hong Kong plans to expand the scope of IPO confidentiality applications? The Hong Kong Stock Exchange responds: Will announce relevant progress to the market in a timely manner

Recently, there have been rumors that Hong Kong is considering expanding the scope of IPO confidentiality applications, allowing a broader range of companies to submit IPO applications confidentially to strengthen Hong Kong’s position as a leading global listing destination. In response, a Hong Kong Stock Exchange spokesperson told People’s Financial News that the exchange is committed to optimizing market infrastructure and listing mechanisms to keep pace with the times. Over the past few years, the Hong Kong Stock Exchange has introduced several major reforms, including the 2018 introduction of rules allowing companies with different voting rights to list, new regulations permitting biotech companies without revenue to list, and the 2023 launch of a listing mechanism for special technology enterprises. The Hong Kong Stock Exchange will continue to work closely with the Hong Kong Securities and Futures Commission to enhance the exchange’s competitiveness from multiple angles, and will announce relevant progress to the market in a timely manner. Additionally, the Hong Kong Securities and Futures Commission also stated to reporters that it will continue to work closely with the Hong Kong Stock Exchange to explore further measures to enhance the competitiveness of Hong Kong’s listing market, ensuring that Hong Kong remains the preferred listing destination for high-quality companies.

(Source: People’s Financial News)