September 15, 2022
The Hong Kong Exchanges & Clearing (HKEX) might plan to lower the listing threshold for hard-tech companies by adding Chapter 18C of the Listing Rules. DAB Financial Affairs spokesperson and LegCo member Rock Chen supported the HKEX’s plan and urged to carry out public consultations, if the news was true.
Rock Chen believed that plan would have three advantages: (1) promote the diversification of listed companies in Hong Kong; (2) improve the atmosphere for investment in the IPO market and increase funds raised by IPOs; (3) contribute to the research and development, and independent innovation of the country’s high-tech companies, hence promoting the commercial application of technological achievements.
DAB Financial Affairs Spokesperson and LegCo Member Rock Chen (5398 3885)