Zhitong Finance APP learnedplayblackjackRecently, Han Yingjiao, senior vice president of the Hong Kong Stock Exchange and head of the listing and issuance services department in China, pointed out that the reform of the listing system has shapedplayblackjackIn order to build a new economic ecosystem in Hong Kong's capital market, the Hong Kong Stock Exchange has also kept pace with the times and established Chapter 18C of the Listing Rules, which is suitable for listing in Hong Kong by special technology companies engaged in emerging and innovative industries. She said that since the reform of the listing system in 2018, 299 new economy companies in Hong Kong have successfully listed, raising HK$944.9 billion from IPOs, accounting for 65% of the total IPO financing of Hong Kong stocksplayblackjack.1%。

Han Yingjiao said that Chapter 18C officially came into effect at the end of March last year, and so far only two special technology companies have applied for listing in Hong Kong under this mechanism. She emphasized that the original intention of the Hong Kong Stock Exchange to launch the 18C was not only to allow special technology companies to list through this channel, but also to demonstrate that the Hong Kong Stock Exchange and the Hong Kong market welcome these five strategic industries.

She continued that many companies that have submitted main board listing applications or have been listed planned to list under 18C when they first contacted the Hong Kong Stock Exchange. However, these companies have strong commercialization capabilities and have met Chapter 8 listing requirements in just one or two years. Black Sesame Technology, a self-driving chip company that originally submitted an 18C application, met the requirements of Chapter 8 listing rules when updating its financial data this year, so the Hong Kong Stock Exchange allowed it to apply for listing on the main board.

Han Yingjiao mentioned that the reform of the listing system has shaped the new economic ecosystem of Hong Kong's capital market. For example, Chapter 18A of the Listing Rules related to biotechnology has made Hong Kong the world's leading medical and health fund-raising center. The ecosystem has been continuously improved. Since the Chapter 18A Listing Rules came into effect, there have been 127 medical and health IPOs, raising a total of more than 276.8 billion yuan. Now a very strong industry aggregation effect has been formed. For example, China's more well-known AI companies have been listed in Hong Kong.