Past version: effective from 30/04/2018 - 31/12/2021
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A Non-Greater China Issuer without a WVR structure must have an expected market capitalisation at the time of its secondary listing of at least HK$10,000,000,000. All other Qualifying Issuers must satisfy one of the following:

(1) a market capitalisation of at least HK$40,000,000,000 at the time of listing; or
(2) a market capitalisation of at least HK$10,000,000,000 at the time of listing and revenue of at least HK$1,000,000,000 for the most recent audited financial year.