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New economy becomes main driving force of Hong Kong's IPO market after listing reform China News SINA English
Aggregated Source: ChinaLegalBlog.com

HONG KONG, April 29 (Xinhua) — Three years after a major listing reform, new economy companies have made the bulk of Hong Kong’s initial public offering (IPO) market, fueling a new growth story of the global financial hub.

The new listing rules, which came into force on April 30, 2018, allow pre-revenue biotech companies, new economy companies with weighted voting rights structures, and qualified overseas-listed companies to raise capital in Hong Kong.…

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