Hong Kong exchange proposes raising profit threshold for listing to enhance market quality

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Hong Kong’s stock exchange will likely sharply raise the profit threshold for listings on its main board, implementing the most stringent requirements to improve the quality of companies seeking initial public offerings in the city.

Two options are being offered for public feedback through February 1, 2021, according to a statement released on Friday by the Hong Kong Exchanges and Clearing (HKEX) Limited, the exchange operator.

In the first option, the exchange triples the profit requirement to at least HK$150 million (US$19.3 million) in the three years leading up to a . . .

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