Hong Kong removes requirement to flag China risk in listing applications

News

by Selena Li and Kane Wu for Reuters

“Hong Kong stock exchange has removed a China-risk section for mainland-incorporated companies in its listing application rules with effect from Tuesday, which the bourse said was to align disclosure requirements for IPO-aspirants from other countries and the scrutiny level remains the same.

In its latest revision to listing rules, the bourse repealed a whole section focusing on risks from China’s policies and its business and legal environment, according to a consultation conclusion paper published on July 21.

Hong Kong Exchanges and Clearing Ltd (HKEX) (0388.HK), however, said there had been ‘no roll back’ in the level of scrutiny the listing rules require, with China-incorporated issuers subject to the same disclosure rules as other issuers…”

Continue reading at the original article, linked here.

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