[31 Aug 2016] Open with your browser  
Featured images

Joint consultation paper on listing regulation by

Written by: Ms. Cecilia Zhou - Risk Consultant

The Securities and Futures Commission (“SFC”) and The Stock Exchange of Hong Kong Limited (“Exchange”) jointly issued a consultation on proposed enhancements to the Exchange’s decision-making and governance structure for listing regulation on 17 June 2016. According to the consultation, the Exchange will continue to perform its listing function and to be the frontline regulator for listing matters. The Listing Committee and the Listing Department will continue to decide a large majority of IPO applications and post-IPO matters. However, two new Exchange committees, the Listing Policy Committee and the Listing Regulatory Committee, are proposed to be established, who will decide listing policy and policy-related listing matters with advice from the Listing Committee.

These two new Exchange committees are equally represented by the Exchange and the SFC, as they will consist of equal number of representatives from the Exchange and the SFC. The new Listing Policy Committee will be established by the Exchange to initiate, steer and decide listing policy, including new Listing Rules, Listing Rule amendments, market consultations and other matters that have policy implications or general effects. With the establishment of the new Listing Policy Committee, representatives from different regulatory bodies could have a platform to exchange views on listing-related matters. Another new committee, the Listing Regulatory Committee, will make listing decisions involving suitability concerns or broader policy implications to ensure that the important listing decisions are aligned with the overall direction of listing policy set by the Listing Policy Committee.

The proposal by SFC and the Exchange is intended to enhance their coordination and cooperation and improve the efficiency of the listing approval process. It is also set to establish clearer accountability for decision-making within the Exchange and enhance oversight of the administration of the Listing Rules.

Exchange and SFC now welcome interested parties to give comments on this consultation by 19 September 2016. Any final Listing Rules amendments and implementation details would be published with the consultation conclusions after considering the public’s view by the Exchange and the SFC.



If there are any aspects which we may assist, please do not hesitate to contact:

Managing Partner - Mr. Roy Lo
roy.lo@shinewing.hk (Tel. 3583 8048) or

Senior Risk Manager - Ms. Gloria So
gloria.so@shinewing.hk (Tel. 3583 8517)


SHINEWING Risk Services Limited

Contact Us

SHINEWING Risk Services Limited
43/F., Lee Garden One, 33 Hysan Avenue Causeway Bay, Hong Kong,

T. (852) 3583 8000

F. (852) 3583 8532

W. www.shinewing.hk

E. risk@shinewing.hk


product image


SHINEWING Risk Services Limited is an industry leader with many years of experience in risk management and internal control review services in China and Hong Kong. SHINEWING has maintained its leadership position in the market over the years.

Headquartered in Beijing and with branch offices in Hong Kong, Singapore, Japan, Australia, Pakistan, Egypt, Shenzhen, Chengdu, Shanghai, Xi’an, Tianjin, Qingdao, Changsha, Changchun, Yinchuan, Jinan, Dalian, Kunming, Guangzhou, Fuzhou, Nanjing, Urumqi, Wuhan, Hangzhou, Taiyuan, Chongqing, Nanning and Hefei. SHINEWING is ideally positioned to provide services for our valued clients.


Copyright © 2016 SHINEWING Risk Services Limited. All rights reserved.

This message (including any attachments) contains confidential information intended for a specific individual and purpose, and is protected by law. If you are not the intended recipient, you should delete this message. Any disclosure, copying, or distribution of this message, or the taking of any action based on it, is strictly prohibited.


Home | Open in browser | Unsubscribe