Hong Kong Exchanges and Clearing Limited (HKEX) published conclusions to its consultation paper on proposals to optimise IPO price discovery and open market requirements.
To provide issuers with greater flexibility in managing transactions for improved capital management, while also establishing a strong deterrent against prolonged non-compliance to enhance shareholder protection, HKEX has issued a further consultation seeking market feedback on detailed ongoing public float proposals in the following areas:
- Ongoing public float thresholds for ordinary issuers, H-share issuers and A+H issuers
- Consequences of public float shortfalls, including obligations upon breach, trading suspension and delisting mechanism
- Public float reporting requirements
Please read the Conclusions and Further Consultation Paper and provide any comments on or before Monday 1 September 2025 with your membership number and contact details to research@hkcgi.org.hk. Depending on views received by the Institute, if any, the Institute may consider making a submission.