Wilson Sonsini Goodrich & Rosati (JD Supra Hong Kong)
SEHK Invites Market Feedback on Establishment of New Listing Board
On June 16, 2017, the Stock Exchange of Hong Kong Limited (SEHK) published a concept paper setting forth proposals for the establishment of a new listing board (the "New Board"), with a view to attracting "New Economy" companies (as described below). A separate but related consultation paper also was published on the same day to solicit market comments on proposed changes to the Growth Enterprise
Hong Kong Stock Exchange Revises Listing Rules to Implement New Regime for Hong Kong IPOs
Overview In December 2012, the Securities and Futures Commission of Hong Kong (SFC), the securities regulatory watchdog in Hong Kong, initiated a new sponsor regime by imposing enhanced conduct requirements on investment banks acting as sponsors in initial public offerings (IPOs) and listings in Hong Kong.
HKSE Issues Consolidated Guidance on Pre-IPO Investments
In October 2012, the Hong Kong Stock Exchange (HKSE) issued two guidance letters addressing certain major issues relating to pre-IPO investments. Guidance letter HKEx-GL43-12 (the "Consolidated Guidance Letter") consolidates various listing decisions on the general principles relating to special rights attached to pre-IPO investments previously issued by the HKSE. Guidance letter HKEx-GL-44-12 (th