Hong Kong Capital Markets Update – Issue 01, March 2026

On 13 March 2026, the Stock Exchange of Hong Kong Limited (the “Exchange”) published a consultation paper (“Consultation”) seeking market feedback on a set of proposals to enhance the competitiveness of Hong Kong’s listing framework.

The Consultation outlines proposals to refine the listing framework in three priority areas, which are consistent with the policy direction of the HKSAR Government, and form the initial phase of the Exchange’s competitiveness review.

The key proposals are summarised as below:

1. Financial eligibility

2. Voting power & economic interest

3. Innovative Company Requirements

4. Qualification for secondary listings

5. Conversion to primary listing

6. Further facilitative measures

7. Ownership continuity and control

8. Financial reporting standards

9. Commercialised Biotech & Specialist Tech companies

10. Confidential filing

The Exchange invites public comments on their proposals until Friday, 8 May 2026.