The Stock Exchange of Hong Kong has published a consultation paper seeking market feedback on proposed reforms for the Growth Enterprise Market (GEM) listing. The proposals aim to enhance GEM’s appeal to issuers while maintaining high standards of investor protection. Key proposals include a streamlined transfer mechanism for eligible GEM companies to transfer to the Main Board, an alternative eligibility test for high-growth enterprises engaged in research and development activities, and the removal of quarterly reporting requirements. The consultation period will last for six weeks, ending on November 6, 2023. The exchange is actively seeking feedback from stakeholders and interested parties.
Resource:
https://www.hkex.com.hk/News/Regulatory-Announcements/2023/230926news?sc_lang=en