Hong Kong Weighs Easing Share Sale Rules for Large Tech Firms

Initial public offerings in Hong Kong raised $43 billion in 2021, behind both the Nasdaq and New York Stock Exchange as well as Shanghai

(Bloomberg) — Hong Kong is considering easing some requirements for large, advanced technology businesses to sell stock that currently are not eligible to help them meet capital needs for research and development, according to the city’s top financial official.

The Securities and Futures Commission (SFC) and Hong Kong Exchanges & Clearing Ltd. (HKEX) are reviewing the Main Board listing rules, such as profit and trading record requirements, and examining whether to revise them to meet the fundraising needs of “large‑scale advanced technology enterprises,” Hong Kong’s Financial Secretary Paul Chan said Wednesday in his annual budget speech.