A man walks past an electronic board showing the Hong Kong stock index on March 2. A functioning capital market should offer access to a diverse range of issuers. Photo: AP
Opinion
Opinion
The View
Why Hong Kong’s stock exchange should not raise the profit requirement for listing on its main board
- Neither the high P/E ratio of listing applicants nor the existence of ‘shell’ companies justifies a move that could shut out many small-cap firms from a fundraising platform
- Instead, to support these companies, the exchange should consider lowering or even removing the profit requirement
A man walks past an electronic board showing the Hong Kong stock index on March 2. A functioning capital market should offer access to a diverse range of issuers. Photo: AP
