Most listed firms which replied to a survey want the stock exchange to immediately abolish the requirement that they run announcements in newspapers.
The stock exchange has proposed phasing out the practice of publishing notices of results, changes of directorship and connected or large transactions in one Chinese and one English-language newspaper.
A consultation that closed last week recommended a nine-month interim period during which companies publish a summary announcement or a notification in newspapers while posting electronic versions of the full announcement on the HKEx's and their own websites.
But 61 per cent of respondents to the survey by the Hong Kong Institute of Chartered Secretaries disagreed.
The institute conducted the survey last month of company secretaries of the top 100 main-board firms and submitted the results to the stock exchange.
The institute yesterday said that of the 49 respondents, the majority said they wanted immediate abolition without any transitional phase. Only 34 per cent supported the stock exchange's idea.
