On 23 February 2018, the Hong Kong Stock Exchange published the Consultation Paper on the Proposed New Listing Regime for Companies from Emerging and Innovative Sectors. Closely followed the New Board Concept Paper Conclusions published by the Hong Kong Stock Exchange on 15 December 2017, the Consultation Paper includes the proposed new Listing Rules to:
- permit listings of biotech companies that do not meet any of the financial eligibility tests under the Listing Rules;
- permit listings of companies with weighted voting rights (WVR) structures; and
- establish a new concessionary secondary listing route for Greater China companies and international companies that wish to secondary list in Hong Kong.
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