Mainland-listed firms will be allowed to float a minimum of HK$3 billion worth of shares in Hong Kong, or 10 per cent of outstanding capital
The new rules lower the barrier to raise capital for companies that are already listed in mainland China. Starting Monday, the minimum float of mainland companies in Hong Kong will be set at HK$3 billion (US$386 million), or 10 per cent of their outstanding capital, down from the current 15 per cent.
For smaller companies, the requirement will be adjusted to between 5 per cent and 25 per cent, depending on their market value, HKEX said in a statement on Friday after a three-month consultation period that received 1,253 responses.
Your personal data will be processed and information from your device (cookies, unique identifiers, and other device data) may be stored by, accessed by and shared with 88 TCF vendor(s) and 20 ad partner(s), or used specifically by this site or app.
Some vendors may process your personal data on the basis of legitimate interest, which you can object to by managing your options below. Look for a link at the bottom of this page or in the site menu to manage or withdraw consent in privacy and cookie settings.
