HKEX(HK:00388) Sou Hu Cai Jing·2025-07-21 10:29Core Viewpoint - The trend of A-share companies going public in Hong Kong is on the rise, driven by recent policy optimizations from the Hong Kong Stock Exchange (HKEX) that lower the listing thresholds for innovative enterprises [1][8]. Group 1: Listing Requirements - Companies must fully understand the listing standards of HKEX, including financial metrics, corporate governance, and share distribution, and assess their compliance [3]. Group 2: Preparation of Core Documents - After confirming compliance with listing requirements, companies should prepare core documents such as the prospectus, financial reports, and legal documents, ensuring they meet HKEX's requirements [4]. Group 3: Submission of Listing Application - Companies need to submit their listing application to HKEX for initial review, where the exchange will check the completeness and compliance of the documents [5]. Group 4: Hearing Process - HKEX will conduct a hearing to determine if the company meets the listing requirements, during which additional documents and information may be requested [6]. Group 5: Stock Issuance - Upon approval, companies will enter the stock issuance phase, which includes pricing, roadshows, allocation, and public offering [7]. Group 6: Post-Listing Compliance - After the stock is issued and trading begins, companies must continue to fulfill information disclosure obligations and comply with listing rules to maintain a positive market image [8]. Group 7: Market Dynamics - The increase in A-share companies seeking to list in Hong Kong is attributed to a combination of policy support, market demand, and corporate development strategies, creating favorable conditions for internationalization [8]. Group 8: Professional Support - Companies can leverage the expertise of firms like Baihui Securities and Baihui Capital, which possess the necessary licenses and experience to assist in the IPO process and facilitate connections with international capital markets [9].