Hong Kong Exchanges and Clearing : Exchange s Aguzin makes first major management changes marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
2021-04-30 07:05 By: Xinhua
HONG KONG, April 29 (Xinhua) Three years after a major listing reform, new economy companies have made the bulk of Hong Kong s initial public offering (IPO) market, fueling a new growth story of the global financial hub.
The new listing rules, which came into force on April 30, 2018, allow pre-revenue biotech companies, new economy companies with weighted voting rights structures, and qualified overseas-listed companies to raise capital in Hong Kong.
By the end of March, 146 new economy companies had listed in Hong Kong since then, raising a total of 682.2 billion Hong Kong dollars (about 88 billion U.S. dollars), and accounting for 61 percent of the total IPO fund-raising, Hong Kong Exchanges and Clearing Limited (HKEX) said Thursday.
HKEX reforms that brought Alibaba, Meituan and Xiaomi listings to the city to be expanded
146 new economy companies have raised US$88 billion in Hong Kong since the reforms were introduced in 2018
The extension is still in a two-month consultation period, which ends in May
2021-04-29 09:36:04 GMT2021-04-29 17:36:04(Beijing Time) Xinhua English
HONG KONG, April 29 (Xinhua) Three years after a major listing reform, new economy companies have made the bulk of Hong Kong s initial public offering (IPO) market, fueling a new growth story of the global financial hub.
The new listing rules, which came into force on April 30, 2018, allow pre-revenue biotech companies, new economy companies with weighted voting rights structures, and qualified overseas-listed companies to raise capital in Hong Kong.
By the end of March, 146 new economy companies had listed in Hong Kong since then, raising a total of 682.2 billion Hong Kong dollars (about 88 billion U.S. dollars), and accounting for 61 percent of the total IPO fund-raising, Hong Kong Exchanges and Clearing Limited (HKEX) said Thursday.
HKEX Celebrates Third Anniversary Of New Listing Regime Date
61% of HKEX IPO funds raised from New Economy listings in past three years
Hong Kong has become Asia’s largest and the world’s second largest biotech fundraising hub, with 31 pre-revenue biotech companies listings
13 new homecoming listings welcomed, raising a total of HK$285.8 billion
Hong Kong Exchanges and Clearing Limited (HKEX) this week celebrates the third anniversary of its New Listing Regime. In 2018, HKEX launched three new chapters in Hong Kong’s listing rules to allow pre-revenue biotech companies, New Economy companies with weighted voting rights (WVR) structures, and qualified overseas listed companies to raise capital in Hong Kong, fuelling a new growth story in Asia’s leading international capital market.