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Hong Kong weighs easing listing rules for large tech firms

Bloomberg
Bloomberg2/23/2022 05:00 PM GMT+08  • 3 min read
Hong Kong weighs easing listing rules for large tech firms
Hong Kong is no longer in the top three listing venues globally
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Hong Kong is considering easing some listing requirements for large, advanced technology firms that are currently not eligible in an effort to help them meet capital needs for research and development, according to the city’s top financial official.

The Securities and Futures Commission and Hong Kong Exchanges & Clearing are reviewing the Main Board listing rules, such as the profit and trading record requirements, and examine to revise them to meet the fundraising needs of “large‑scale advanced technology enterprises,” Hong Kong’s Financial Secretary Paul Chan said in his annual budget speech Wednesday.

Hong Kong is no longer in the top three listing venues globally as a widening crackdown by China on a vast range of industries hit investor sentiment and share prices. Initial public offerings in the Asian financial hub raised US$43 billion in 2021, behind both the Nasdaq and New York Stock Exchange as well as Shanghai, data compiled by Bloomberg show.

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