Hong Kong's Securities Watchdog Eyes IPO Reform
Market regulator reviews rules to potentially allow smaller but high-potential tech companies to list in Hong Kong, according to SFC chair Kelvin Wong.
"These ongoing reviews will promote the market development of Hong Kong while at the same time ensure sufficient investor protection is in place,"
Kelvin Wong Tin-yau said in a media briefing on Tuesday. The review aims to allow more diverse enterprise listings under a framework introduced in 2018.
- Pre-revenue biotechnology firms and companies with multiple voting rights can already list.
- The regulatory principle is to ensure the overall market quality of Hong Kong, said Wong.
No timeline for the review's completion has been set.
Author's summary: Hong Kong reviews IPO rules to attract tech firms.
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