Webinar | HKEX Consultation Paper on GEM Listing Reforms | 16 OCTOBER 2023

On 26 September 2023, the Hong Kong Stock Exchange (HKEX) published a Consultation Paper setting out reforms to the GEM Listing Rules aimed at encouraging more companies to list on GEM. The proposal includes an introduction of an alternative listing eligibility test to allow the listing of high growth enterprises that cannot meet GEM’s positive cashflow test, the re-introduction of a streamline transfer mechanism for GEM issuers to transfer to the Main Board, and to align certain GEM Listing Rules requirement with those to the Main Board.

This webinar covers the HKEX’s proposals to the GEM Listing Reforms in detail, including
1. introduction and overview of the proposed GEM Listing Reform;
2. background of current GEM market and stakeholder feedback;
3. the proposed new alternative financial eligibility test for initial listing;
4. the proposed post IPO lock up period on controlling shareholders;
5. the proposed amendments to the continuing obligations; and
6. the new streamlined transfer mechanism to the main board.

#HKEX #GEMreforms #GEMlisting

Timecodes:
00:00 Julia Charlton's welcome speech
00:11 Introduction and Overview of the Proposed GEM Listing Reforms
01:43 Background to Current GEM Market
09:26 Recent GEM Listing Performance
10:30 Background to Current GEM Market
13:17 Stakeholder Feedback
17:47 Overview of the HKEX GEM Listing Rule Amendments and GEM Reforms
18:07 Initial Listing Requirements
25:31 Continuing Obligations
32:07 Transfers to the Main Board
33:38 New Streamlined Mechanism to Main Board
35:37 Transfers to the Main Board
45:54 Responding to the HKEx Consultation
46:06 Other exchanges referenced by the HKEx
49:26 Summary


Charltons Law Firm:
https://www.charltonslaw.com/

Julia Charlton
https://www.charltonslaw.com/the-firm...

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