In Short
The Situation: The Growth Enterprise Market
(the "GEM") listing activities in Hong Kong have been
declining since 2019, and there was no new listed issuer on the GEM
in 2022.
The Development: To encourage and facilitate
the listings of small and medium-sized enterprises, the Stock
Exchange of Hong Kong Limited (the "HKEx") decided to
implement the GEM listing reforms with effect from 1 January
2024.
Looking Ahead: The reforms are expected to
enhance the attractiveness of the GEM for new listing applicants
while reducing the compliance cost of the existing GEM-listed
issuers.
The GEM listing activities in Hong Kong have been declining
since 2019, and there was no new listed issuer on the GEM in 2022.
To encourage and facilitate the listings of small and medium-sized
enterprises, the HKEx decided to implement certain GEM listing
reforms with effect from 1 January 2024.
