HKEX plans board for ‘new economy’


Hong Kong Exchanges and Clearing Limited (HKEX) recently started a public consultation on launching a new board, which may lure more mainland Chinese companies to Hong Kong for listings.

The purpose of setting up the new board is to cater to start-up and tech companies currently not eligible for listing on HKEX’s main board and GEM. “The introduction of a new regulatory regime is the first step by the HKEX to attract new economy companies to come to Hong Kong for listings,” said Billy Au, a partner of Mayer Brown JSM in Hong Kong.

Au added that a new economy company’s selection of listing venue would take into account various factors including investor interest, fund-raising capability, analyst coverage, secondary market liquidity, and other factors that help establish an investor ecosystem for new economy companies.

You must be a subscribersubscribersubscribersubscriber to read this content, please subscribesubscribesubscribesubscribe today.

For group subscribers, please click here to access.
Interested in group subscription? Please contact us.