Hong Kong stock exchange considers slashing revenue requirement for hard-tech companies to get listed – report
STOCKS
Hong Kong stock exchange considers slashing revenue requirement for hard-tech companies to get listed – report
STOCKS

Hong Kong stock exchange considers slashing revenue requirement for hard-tech companies to get listed – report

 

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Hong Kong Exchanges & Clearing Ltd, the operator of the Hong Kong Stock Exchange, is discussing a system that will slash the revenue requirements for hard-tech companies to get listed in the city, reported Bloomberg News citing people familiar with the matter. 

The exchange is planning a new chapter 18C scheme to accommodate companies in sectors ranging from artificial intelligence and chips to autonomous vehicles and smart manufacturing, the report said.

The HKEX could seek public consultation as soon as this month and aims to finalize the plan by the year’s end, it added.