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HKEX: Diversification of Listing System Not Contradictory to Quality of Sponsors; No Low-Quality Firms Allowed to List
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The Hong Kong Stock Exchange under HKEX (00388.HK) has sought market opinions on a series of proposals aimed at enhancing the competitiveness of Hong Kong's listing mechanism. Katherine Ng, Head of Listing of Hong Kong Exchanges and Clearing Limited, described the quality of listed companies as the foundation of prosperity for every market and the confidence that attracts global investors to Hong Kong. The Exchange's implementation of listing reforms to diversify the listing system doesn't contradict the high quality of sponsors in the market, Ng stressed. Past reform experiences have shown that both goals can be achieved simultaneously. In addition, the Exchange won't accept companies with incomplete listing documents or low quality to list, Ng said. The Exchange will carefully review every application received and communicate with sponsors. If there are non-compliant or substandard listing documents, HKEX and the Securities and Futures Commission have the authority to halt the approval process. AAStocks Financial News |
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