Growth Enterprise Market

Why changing GEM's listing rules may not attract giants like Alibaba

The Growth Enterprise Market was launched in 1999 in the hope it would become Hong Kong's answer to Nasdaq. Photo: Edward Wong

Brokers have called for the Hong Kong stock exchange to consider changing the listing rules on its Growth Enterprise Market to accommodate the special requirements of mainland companies such as e-commerce giant Alibaba.

Tuesday, 11 February, 2014, 1:59am

NetDragon's spin-off of mobile internet business gets green light

NetDragon chairman Liu Dejian. Photo: Jonathan Wong

NetDragon Websoft, China's seventh-largest online gaming company, has received approval from the Hong Kong stock exchange to spin off and separately list its mobile internet business on the Growth Enterprise Market.

8 Feb 2013 - 3:53am

Comedy company Pegasus Entertainment's IPO a quest for serious money

Film producer and comic Raymond Wong's Pegasus Entertainment will be the only filmmaker on the Growth Enterprise Market when it lists later this month. Photo: Felix Wong

Veteran director and actor Raymond Wong Pak-ming has become a legend in comedy over the past three decades but it will be nothing but serious business when his film company, Pegasus Entertainment, debuts on the Growth Enterprise Market later this month.

13 Oct 2012 - 4:57am

Bourse seeks new direction

The course of Hong Kong's Growth Enterprise Market (GEM) may not have run smoothly over the past 13 years, and debate still swirls over how to kick-start the alternative bourse.

15 Jun 2012 - 12:00am

Stock exchange has no plans to get rid of listing committee

Hong Kong Exchanges and Clearing (HKEx) would like to respond to the letter by Kenneth Leung, of the Professional Commons ('Stock exchange proposal is a cause for public concern,' July 5).

7 Jul 2007 - 12:00am

Good technology hardly a prerequisite to list on GEM

'The original intention of the GEM [Growth Enterprise Market] was to allow newly set up companies with good technology and business potential to raise funds. However, some companies have performed poorly ...'

Lily Chiang Lai-lei,


HK General Chamber of Commerce

4 Jul 2007 - 12:00am

HKEx suggests higher hurdles to GEM listing

Hong Kong Exchanges and Clearing, seeking to improve its poorly performing second board, proposes to allow only companies with at least HK$100 million market capitalisation and HK$20 million cash flow to qualify for the Growth Enterprise Market.

1 Jun 2007 - 12:00am

UK model favoured option for GEM

Fears emerge second board not yet ready for sponsor vetting

A proposal to transform the lacklustre Growth Enterprise Market into a new bourse similar to London's Alternative Investment Market has emerged as the most popular option on the Hong Kong stock exchange following a five-month-long consultation.

17 Jun 2006 - 12:00am

Time to take stock of GEM listing rules

On Hong Kong's Growth Enterprise Market, long-term suspensions are all too common.

Whenever a GEM company has run into problems over the past few years - from the disappearance of key officers to questions about the validity of publicly disclosed financial information - shareholders have been left in limbo while the shares are suspended for long periods.

16 Feb 2005 - 12:00am


Growth Enterprise Market-listed mobile phone distributor Fortune Telecom Holdings has applied to the Hong Kong Exchanges and Clearing to switch to a main-board listing. Company chairman Steve Lau Siu-ying said the move could pave the way for future fund-raising activities and raise the group's profile.

11 Dec 2002 - 12:00am

China firms set to spearhead strong GEM listing activity

Listing activity on the Growth Enterprise Market is expected to gather pace this year as young companies - particularly from China - seek an easy way of tapping fresh capital.

5 Jan 2002 - 12:00am

GEM proceeds plunge

The Growth Enterprise Market has helped companies raise HK$2.68 billion in initial public offerings in the first 10 months of this year, against HK$14.51 billion raised in the same period last year.

24 Nov 2001 - 12:00am

Slow year, missed targets for 2 yr old Gem

Updated at 7.33pm: The Growth Enterprise Market (Gem) has helped companies raise HK$2.78 billion in initial public offerings in the first ten months of this year, only a fraction of the HK$14.51 billion in the same period last year.

23 Nov 2001 - 12:00am admits to breaking GEM listing rules with transaction

Internet portal operator has breached the Growth Enterprise Market (GEM) listing rules by failing last year to disclose a HK$2.46 million connected transaction with sister company 24/7 Media Asia.'s parent Chinadotcom owns 80.1 per cent of 24/7 Media, which provided advertising services to

6 Apr 2001 - 12:00am

Board gets tough on enforcing disclosure

Hong Kong Exchanges and Clearing will enforce disclosure requirements for Growth Enterprise Market (GEM) companies, according to a GEM official.

In the second hard-line announcement by the exchange this week, GEM listing committee chairman Lo Ka-shui said penalties would be handed out to companies who fail to follow disclosure rules.

9 Jun 2000 - 12:00am