Hong Kong Exchanges and Clearing considers merging GEM and main board

AI-summarized · Neutrality-checked

Hong Kong Exchanges and Clearing (HKEX) explored a proposal to merge the GEM board with its main board by creating a new listing rule chapter designated as 18D. The initiative followed the poor performance of the GEM board, which experienced minimal turnover and a decline in new listings. According to a source familiar with the discussions, the proposal served as a second phase of a listing regime review intended to provide a better option for smaller-sized companies to list.

Consequences

The HKEX planned to subject the proposed Chapter 18D to a public consultation by the end of the year. This transition could replace the existing GEM structure with a new, specialized chapter integrated into the main board's listing rules.

Sources

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