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Update No. 70

Note to subscribers for the amendments to the rules governing the listing of securities on the GEM (the "GEM Listing Rules")
 
Update No. 70
 
November 2021
 
Amendments to the GEM Listing Rules
 
We have amended the GEM Listing Rules to implement the proposals of the "Consultation Conclusions Paper on Listing Regime for Overseas Issuers" published on 19 November 2021.
 
The amendments to the GEM Listing Rules are to enhance and streamline the listing regime for overseas issuers1. The key changes include:
 
    1.    introducing one common set of core shareholder protection standards that will apply to all issuers to provide the same level of protection to all investors; and
 
    2.    codifying some conditional common waivers for dual listings.
 
Coming into effect
 
The amendments will take effect from 1 January 2022.
 
Please click HERE to see the amendments to the GEM Listing Rules.
 

Note:

1. Issuers incorporated or otherwise established outside Hong Kong and the People’s Republic of China.