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According to SCMP Business, the Hong Kong government has appointed Bryan Chan Ping-keung, a former Hong Kong Exchanges and Clearing executive, as CEO of Hong Kong Precious Metals Central Clearing to lead the development and operation of the city’s new central clearing and settlement system for gold. His appointment takes effect on October 2 for a three-year term. HKPMCC is a wholly government-owned entity established in January to run the clearing system for precious metals.
According to SCMP Business, Zhuhai Amicro Technology, a Xiaomi-backed chipmaker, is preparing premarketing for a Hong Kong IPO of more than US$100 million as early as this week, after passing its listing hearing with HKEX last week. The report notes the regulatory hurdle was cleared for a share sale in Hong Kong.
Hong Kong Exchanges and Clearing (HKEX) released a consultation paper on listing mechanism competitiveness on September 21. The proposals include raising the main deal threshold from 25% to 50% for requiring shareholder vote, while 25%-50% deals would only require disclosure. The plan also removes two categories and adjusts measurement tests for deal size. The changes aim to enhance HKEX’s appeal as a listing venue and reflect ongoing reforms in Hong Kong’s listing regime.
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Hong Kong Exchanges and Clearing (HKEX) released a consultation paper on listing mechanism competitiveness on September 21. The proposals include raising the main deal threshold from 25% to 50% for requiring shareholder vote, while 25%-50% deals would only require disclosure. The plan also removes two categories and adjusts measurement tests for deal size. The changes aim to enhance HKEX’s appeal as a listing venue and reflect ongoing reforms in Hong Kong’s listing regime.
