Hong Kong Exchanges and Clearing will delay the consultation on introducing quarterly reporting to the end of this year from this month. Chief executive Paul Chow Man-yiu said the listing committee needed more time to study the proposal. 'There are eight new members who have just joined the 28-member committee this month,' Mr Chow said. 'They would need more time, so we have scheduled the discussion on the proposal in November, and hopefully a consultation paper would be issued before the end of this year.' At present, Hong Kong companies report earnings twice a year. The exchange planned to consult the market this month on the launch of the British style of quarterly reporting in the city. The British style does not require a full set of financial figures. Mr Chow also said the exchange would issue several consultation papers on issues such as lowering the public float requirement, shortening the timetable on rights issues and scrapping the profit requirement for listings.