HK Stock Exchange Publishes Reasons for Rejection and Return of Listing Applications
HKEx Publishes Listing Decisions on Reasons for Rejection and Return of New Listing Applications
On 13 April 2016, the Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of the Hong Kong Exchanges and Clearing Limited (HKEx), published two new Listing Decisions.
Listing Decision HKEX-LD100-2016 sets out the Exchange’s reasons for rejecting seven of the nine listing applications rejected in 2015, while Listing Decision HKEX-LD101-2016 sets out the reasons for the return of the three listing applications returned in 2015.
Since October 2013, when the Listing Rules and related guidance on the new sponsor regime were introduced, the Exchange has noticed that the vetting process of new listing applications has been more efficient and applications have been presented to the Listing Committee within a shorter timeframe. Applicants that were found to be ineligible or unsuitable for listing were also identified and rejected more quickly under the new regime. Read more