Consultation from The Stock Exchange of Hong Kong Limited (“Exchange”) Consultation on the Listing Regime for Overseas Issuers

The Exchange issued a consultation paper on 31 March to seek views on its proposals to enhance and streamline the listing regime for issuers incorporated outside of Hong Kong and the People’s Republic of China (“Overseas Issuers”).

Under the proposals, the Exchange aimed to (a) streamline the requirements for Overseas Issuers with a single set of shareholder protection standards to ensure consistent protection is provided to all investors; (b) expand secondary listing regime for overseas-listed Greater China companies from traditional sectors without weighed voting rights; and (c) allow greater flexibility for issuers seeking dual-primary listings whilst maintaining their existed weighted voting right structures and variable interest equity structure.

The Law Society in principle supported the proposals, and made a submission in response thereto. Members who are interested may refer to the link below on the Law Society’s website for the submission.

http://www.hklawsoc.org.hk/pub_e/news/submissions/20210526.pdf