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港交所上市程序议员批复杂 陈浩濂称将审批天数缩至28天
Sou Hu Cai Jing· 2025-08-01 02:08
Core Viewpoint - Hong Kong's stock market is undergoing reforms to attract emerging industries and overseas companies for fundraising, with a focus on optimizing the listing mechanism while ensuring investor protection [2][4]. Group 1: Listing Mechanism Optimization - The Hong Kong Stock Exchange (HKEX) has relaxed listing rules by lowering the market capitalization requirement for secondary listings of Greater China issuers and removing restrictions on "innovative industry companies" [4]. - HKEX is set to lower the listing market cap threshold for specialized technology companies by September 2024 and will launch a "Tech Company Fast Track" by May 2025 to provide pre-listing guidance for biotech and other firms [4]. - The HKEX is researching a tiered minimum public shareholding requirement based on issuer market capitalization, with consultations already initiated [4]. Group 2: Approval Process Efficiency - The approval process for listings has been significantly expedited, with the average time reduced from 61 days in 2022 to 28 days as of June 2023 [5]. - The Securities and Futures Commission (SFC) and HKEX have committed to completing applications within 40 business days, with a maximum of two rounds of inquiries [5]. Group 3: International Outreach and Market Expansion - The proportion of international companies listed in Hong Kong is currently between 5% and 10%, which is significantly lower than London and the US markets [7]. - HKEX plans to expand the list of recognized overseas exchanges and simplify the listing process for foreign issuers, aiming to enhance the attractiveness of Hong Kong as a fundraising platform [7][8]. - The HKEX is actively promoting its listing advantages in ASEAN and the Middle East, with initiatives to attract more international companies to utilize Hong Kong's capital market [8].
快讯 | “申万宏源上市服务站”揭牌!
申万宏源证券上海北京西路营业部· 2025-07-17 01:47
Core Viewpoint - The establishment of the "Shenwan Hongyuan Listing Service Station" aims to provide comprehensive support for technology innovation enterprises in Xuhui District to facilitate their listing processes and enhance their development in the capital market [5]. Group 1: Listing Service Station - Shenwan Hongyuan Securities has set up a listing service station at the Moso Space Financing Service Center to offer integrated services combining research, investment, and investment banking for local tech enterprises [5]. - The service station will provide precise and convenient full-process listing services to support high-quality development of technology innovation companies in Xuhui District [5]. Group 2: Training Activities - A training event for Xuhui enterprises regarding listing in Hong Kong was held, featuring insights from the Hong Kong Stock Exchange on IPO policies, which received positive feedback from participating companies [5]. - The event is part of Shenwan Hongyuan's strategy to align with national technology innovation initiatives and support the development of Shanghai and Hong Kong as international financial centers [5].