Hong Kong, a top IPO market, is searching for an edge over New York, Shanghai and Shenzhen. Photo: Martin Chan
Hong Kong’s exchange proposes to cut capital requirements, broaden qualifications for secondary listings as it kicks off two-month consultation on additional listing reforms
- The exchange plans to substantially lower the capitalisation qualification to let smaller companies raise funds
- HKEX also plans to broaden the scope of US-listed companies for secondary listings, according to a 240-page consultation paper
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Hong Kong, a top IPO market, is searching for an edge over New York, Shanghai and Shenzhen. Photo: Martin Chan