• 让每一所乡村学校都“美”得有特点、“优”得有亮点 2019-03-25
  • 人民日报社黑龙江分社 2019-03-25
  • 美元短线拉升 随后回吐涨幅 2019-03-19
  • 人民网专访中国中小企业协会副会长、一带一路工作委员会主任商世伟 2019-03-19
  • 候选企业:神州优车集团 2019-03-17
  • 广西百色贫困山区经济社会发展现状调研报告 2019-03-17
  • 邻邦扫描:自卫队训练情报员讲中文 越军列装二手韩国战舰 2019-03-10
  • 欧宝将会在今年推出全新GT概念车 2019-03-08
  • 你轻信老伴四两枕边话?[微笑] 2019-03-08
  • 以保法治反腐公信力,以保中国社会普正义。 2019-03-06
  • 新时代 新担当 新作为 2019-03-06
  • 2017地方领导留言板APP2.0 2019-03-05
  • 《魔兽世界》怀旧服开荒时间最长的三大团队副本 2019-03-03
  • 新闻中心给记者留下美好记忆 2019-02-28
  • 中国和巴基斯坦将合拍电影《天路》 2019-02-28
  • Select Page

    Listing on the Hong Kong Stock Exchange

    Charltons provides high impact advice to companies looking to initiate listing in Hong Kong on the Hong Kong Stock Exchange. We have brought both private and state-owned Chinese enterprises to market, and also acted on the listing process involving overseas companies. We have been involved in some of the largest and most ground-breaking deals to have come to the Hong Kong market in the past decade. We acted as Hong Kong legal adviser to the major shareholder of AIA, which raised more than HK$159 billion in its 2010 IPO.

    Charltons has particular experience in advising on the Hong Kong listing of Chapter 21 funds on the Hong Kong Stock Exchange and of mineral company IPOs under Chapter 18 of the Hong Kong Stock Exchange Listing Rules. We also have considerable experience in helping smaller dynamic companies take their first steps in the public equity markets. Charltons is actively involved in advising companies listing on Hong Kong Stock Exchange’s GEM. The firm can also bring to bear its extensive experience in representing underwriters and sponsors on IPO projects to advise listing in Hong Kong applicants.

    Charltons guides its clients through all stages of the listing process and offers complete IPO project management, from advising on listing criteria, pre-IPO planning and structuring (including due diligence, pre-IPO investments and group reorganisations) and making pre-application submissions to the Hong Kong Stock Exchange on key issues, to prospectus drafting, review and verification, and negotiation of underwriting agreements and other key contracts. We understand that an IPO is one of the biggest steps a company will ever take and a listing applicant needs its lawyers to provide an insightful and highly personalised service coupled with smart and practical advice.

    Charltons is involved not only in advising on the listing process and application of the Listing Rules, but also in shaping the regulatory framework. Julia Charlton is a member of the Listing Committee of the Hong Kong Stock Exchange and serves on the SFC’s Takeovers Panel and Takeovers Appeals Panel. Charltons has been involved in market consultations on many of the major rule changes and developments through which the Hong Kong capital markets have evolved in recent years. Most recently, we acted as coordinating counsel on the drafting of the Hong Kong Sponsor Due Diligence Guidelines, a major market initiative creating a set of guidelines relating to the Hong Kong legal and regulatory requirements and market practice for IPO due diligence on listing applicants. Charltons can assist through every step of the listing process with the Hong Kong Stock Exchange.

     

    The Stock Exchange of Hong Kong (the “Exchange”) operates two markets: the Main Board and the GEM.  The Main Board is a market for more established companies that meet the profit or other financial requirements set by the Hong Kong Stock Exchange. Issuers can choose to list on the Hong Kong Main Board in the form of shares or Hong Kong depositary receipts. The GEM caters for smaller growth companies and the admission criteria are lower. A transfer of listing from the GEM to the Main Board requires the appointment of a sponsor at least two months before the listing application is submitted. A Main Board listing applicant (except a mineral company which may be exempted) must meet one of the following financial standards:

    • having a profit of not less than HK$20 million in the most recent financial year, and a profit of not less than HK$30 million in aggregate for the two financial years before that. Further, there must be an expected market capitalisation of at least HK$500 million at the time of listing; or

    • having (i) a positive cash flow (from operating activities to be listed) of not less than HK$100 million in aggregate for the three most recent financial years; (ii) a revenue of not less than HK$500 million for the preceding audited financial year; and (iii) a market capitalisation (at the time of listing) of not less than HK$2 billion; or

    • having (i) a revenue of not less than HK$500 million for the preceding audited financial year; and (ii) a market capitalisation (at the time listing) of not less than HK$4 billion.

    A GEM listing applicant must have a market capitalisation of at least HK$150 million at the time of listing and a positive cash flow (from operating activities) of at least HK$30 million in aggregate for the most recent two financial years.   Hong Kong Stock Market Hong Kong Stock Exchange Index

    特码生肖来料:Listing in Hong Kong

    Hong Kong stock exchange

    Listing process in Hong Kong

    Hong Kong listing of Chapter 21 funds on the Hong Kong Stock Exchange

    Mineral company IPOs under Chapter 18 of the Hong Kong Stock Exchange Listing Rules

    IPO listing in Hong Kong

    Capital markets law firm

    Hong Kong GEM

    Hong Kong Growth Enterprise Market

    Hong Kong Sponsor Due Diligence Guidelines

    Hong Kong Exchange and Clearing

    Privacy Preference Center

    Strictly Necessary

    Cookies that are necessary for the site to function properly.

    gdpr, PHPSESSID

    Performance

    These are used to track user interaction and detect potential problems. These help us improve our services by providing analytical data on how users use this site.

    _ga, _gat, _gid, _atuvc, _atuvs

  • 让每一所乡村学校都“美”得有特点、“优”得有亮点 2019-03-25
  • 人民日报社黑龙江分社 2019-03-25
  • 美元短线拉升 随后回吐涨幅 2019-03-19
  • 人民网专访中国中小企业协会副会长、一带一路工作委员会主任商世伟 2019-03-19
  • 候选企业:神州优车集团 2019-03-17
  • 广西百色贫困山区经济社会发展现状调研报告 2019-03-17
  • 邻邦扫描:自卫队训练情报员讲中文 越军列装二手韩国战舰 2019-03-10
  • 欧宝将会在今年推出全新GT概念车 2019-03-08
  • 你轻信老伴四两枕边话?[微笑] 2019-03-08
  • 以保法治反腐公信力,以保中国社会普正义。 2019-03-06
  • 新时代 新担当 新作为 2019-03-06
  • 2017地方领导留言板APP2.0 2019-03-05
  • 《魔兽世界》怀旧服开荒时间最长的三大团队副本 2019-03-03
  • 新闻中心给记者留下美好记忆 2019-02-28
  • 中国和巴基斯坦将合拍电影《天路》 2019-02-28