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 stated this in a media briefing on Tuesday, with no timeline for when the review would be finished.
The review aims to make sure it would allow more diverse enterprise listings under a framework introduced in 2018, which allowed pre-revenue biotechnology firms and companies with multiple voting rights to list.
The regulatory principle here is to ensure the overall market quality of Hong Kong.
Autor's resume: Hong Kong's IPO reform aims to attract tech firms.
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