Hong Kong stock exchange to raise listing requirement for first time in nearly thirty years
STOCKS
Hong Kong stock exchange to raise listing requirement for first time in nearly thirty years
STOCKS

Hong Kong stock exchange to raise listing requirement for first time in nearly thirty years

 

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The Hong Kong Stock Exchange will raise its listing requirement for the first time in nearly thirty years starting from January next year, however, it will stop short of doubling the requirements after overwhelming resistance from brokers and bankers.

Companies seeking to list on the main board are required to have generated at least HK$80 million ($10.3 million) in combined profits in the three years ahead of the listing, representing a 60 per cent rise from the current requirement, according to an announcement by Hong Kong Exchanges and Clearing (HKEX), the operator of the Hong . . .

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