Further relax listing rules, says DAB
From left, DAB lawmakers Rock Chan, Starry Lee and Ronick Chan announce proposals to further boost Hong Kong's role as an IPO centre. Photo: RTHK
The DAB on Monday called on the government to further relax company-listing rules, so Hong Kong can remain a top fund-raising centre.
Legislator Rock Chan said one important proposal is to further ease the market capitalisation requirement for non-local enterprises with weighted voting rights structures, to HK$20 billion from HK$40 billion at the moment.
It's among 10 suggestions by the DAB aimed at attracting more firms to list here.
The DAB hopes to soon meet with government officials about the ideas.
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