HKEX(HK:00388) 2 1 Shi Ji Jing Ji Bao Dao·2025-05-06 11:17Core Viewpoint - The Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Stock Exchange (HKEX) have launched a "Tech Company Fast Track" to facilitate the listing of specialized technology and biotechnology companies, allowing them to submit applications confidentially [1][2] Group 1: Announcement Details - The HKEX will permit specialized technology and biotechnology companies to submit listing applications in a confidential manner [1] - The HKEX has updated the "New Listing Applicants Guide" to clarify that these companies will be considered compliant with the innovative industry and external recognition requirements under Chapter 8A of the Main Board Listing Rules when adopting different voting rights structures [1] Group 2: Objectives and Support - The initiative aims to provide specialized guidance to technology and biotechnology companies during the early stages of their listing preparations, helping them understand and meet relevant listing requirements [1] - The HKEX seeks to enhance regulatory transparency, support the development of innovative enterprises, and boost the vitality, competitiveness, and resilience of the Hong Kong market [1] Group 3: Regulatory Perspective - The SFC supports the establishment of the "Tech Company Fast Track" and the option for specialized technology and biotechnology companies to submit applications confidentially, reinforcing Hong Kong's position as a preferred listing platform for emerging and innovative companies [2] - The SFC emphasizes the importance of adapting the listing system to global market changes while ensuring robust investor protection [2] - The option for confidential submissions is particularly relevant for companies in early development stages or those with non-commercialized products, as premature disclosure of operational strategies or proprietary technologies could pose significant risks [2]