Reed Smith Client Alerts

On March 24, 2023, The Stock Exchange of Hong Kong Limited (the "Exchange") published Chapter 18C ("Chapter 18C") on the listing requirements for specialist technology companies, which will take effect on March 31, 2023. The introduction of the new rules will encourage issuers in the specialist high-tech industry to list in Hong Kong and will further improve the mix of Hong Kong's listed companies.

Key points of Chapter 18

Chapter 18C provides comprehensive provisions on listing requirements, pricing and post-listing compliance obligations for issuers in the specialist high-technology sector. The key points of Chapter 18C include the following:

Basic conditions to be met by listing applicants

Compared to a general listing applicant, a Chapter 18C listing applicant needs to meet the following conditions: