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ARTICLE · 11 AUGUST 2010

HKex’s New Disclosure-Based Approach For PRC Properties

The Hong Kong Exchanges and Clearing Limited (HKEx) recently published a guidance letter (HKEx-GL19-10) to further outline HKEx’s requirement for land use right certificates and/or building ownership certificates for Mainland properties.

Hong KongReal Estate and Construction
Winnei Hung
Winnei Hung
Vivian Tse
Vivian Tse

The Hong Kong Exchanges and Clearing Limited (HKEx) recently published a guidance letter (HKEx-GL19-10) to further outline HKEx's requirement for land use right certificates and/or building ownership certificates for Mainland properties.

The 1998 Announcement and related listing decisions

The 1998 Announcement

On 25 March 1998, HKEx published a "Clarification on Requirements for Land Use Title of properties situated in the Mainland of the People's Republic of China" (1998 Announcement) which laid down the requirements as to when a new listing applicant should obtain land use right certificates and/or building ownership certificates (Title Certificates) in relation to their property interests situated in Mainland China.

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