An overseas issuer without a WVR structure must satisfy either paragraphs (1) and (2) (“Criteria A”) or paragraphs (3) and (4) (“Criteria B”) below:
|
Criteria A
|
| (1) |
a track record of good regulatory compliance of at least five full financial years on a Qualifying Exchange (for any overseas issuer without a WVR structure) or on any Recognised Stock Exchange (only for overseas issuers without a WVR structure and without a centre of gravity in Greater China); and
|
| (2) |
a market capitalisation of at least HK$3,000,000,000 at the time of listing.
|
| |
Note: |
Applications for secondary listing from issuers with a centre of gravity in Greater China and without a WVR structure that are primary listed on a Recognised Stock Exchange other than a Qualifying Exchange will be considered only in exceptional circumstances on the basis of the issuer’s individual circumstances and the merits of the case.
|
Criteria B
|
| (3) |
a track record of good regulatory compliance of at least two full financial years on a Qualifying Exchange; and
|
| (4) |
a market capitalisation of at least HK$10,000,000,000 at the time of listing.
|
| |
Note: |
A waiver of the listing track record criteria of paragraphs (1) and (3) above may be granted if the applicant seeking a secondary listing is well-established and has a market capitalisation at listing that is significantly larger than HK$10,000,000,000.
|
