Two sculptures of the bull at the Hong Kong stock exchange’s location at Exchange Square in Central on March 12, 2021. Photo: Edmond So Two sculptures of the bull at the Hong Kong stock exchange’s location at Exchange Square in Central on March 12, 2021. Photo: Edmond So
Two sculptures of the bull at the Hong Kong stock exchange’s location at Exchange Square in Central on March 12, 2021. Photo: Edmond So
HKEX

exclusive | Hong Kong exchange backs down on contentious plan to double profit qualification for IPOs after outcry

  • Companies seeking to raise funds on the HKEX’s Main Board must have earned at least HK$80 million in combined profits in the three years prior to the listing, the source said
  • The HKEX received overwhelming opposition from brokers, accountants, investment bankers and legislators to its proposal to raise the profit threshold to HK$125 million

Topic |   HKEX
Two sculptures of the bull at the Hong Kong stock exchange’s location at Exchange Square in Central on March 12, 2021. Photo: Edmond So Two sculptures of the bull at the Hong Kong stock exchange’s location at Exchange Square in Central on March 12, 2021. Photo: Edmond So
Two sculptures of the bull at the Hong Kong stock exchange’s location at Exchange Square in Central on March 12, 2021. Photo: Edmond So
READ FULL ARTICLE