Guidance Letters for New Applicants
Select by Topic: Download the consolidated index herehere
| Date (dd/mm/yyyy) |
Reference No. | Listing Rules/Topics | Particulars | Document Type | Content Category |
| 05/03/2021 | GL110-21 | Main Board Rules 2.03(2) and (4) Paragraphs 5(1) and 13 of Appendix 6 to the Main Board Rules GEM Rules 2.06(2) and (4), 10.12(1A)(a), and note 2 of GEM Rule 10.12(4) |
Pre-vetting for placing to connected clients in an initial public offering | Guidance Letter | New Applicants |
| 28/08/2020 | GL108-20 | Main Board Rules 3.28, 3.29 and 8.17, and Appendix 14 to the Main Board Rules GEM Rules 5.14, 5.15 and 11.07, and Appendix 15 to the GEM Rules |
Experience and Qualification Requirements of a Company Secretary | Guidance Letter | New Applicants / Listed Issuers |
| 29/04/2020 | GL107-20 | Main Board Rules 2.13(2), 11.07 and Chapter 18A | Disclosure in listing documents for Biotech Companies (Updated in February 2021) |
Guidance Letter | New Applicants |
| 26/04/2019 | GL103-19 | Main Board Rules 2.13 and 11.07 GEM Rules 14.08(7) and 17.56 |
Guidance for applicants on the presentation of the non-GAAP financial measures in a listing document and any relevant documents pursuant to the Exchange’s Listing Rules | Guidance Letter | New Applicants / Listed Issuers |
| 26/04/2019 | GL102-19 | Main Board Rules 4.03, 4.08(3), 4.11, 4.12 and 19.39 GEM Rules 7.02, 7.08(3), 7.12, 7.13 and 7.16 |
Guidance on accounting policies and stock-taking procedures performed by the reporting accountants | Guidance Letter | New Applicants |
| 22/03/2019 | GL101-19 | Main Board Rules 2.13(2) 8.04 GEM Rules 11.06 |
Guidance on Sanctions Risks | Guidance Letter | New Applicants |
| 22/03/2019 | GL100-19 | Main Board Rules 8.04, 8.10 and Paragraph 27A of Part A of Appendix 1 to the Main Board Rules GEM Rules 11.04, 11.06 and Paragraph 27A of Part A of Appendix 1 to the GEM Rules |
Guidance on competition between the businesses of a new applicant and its controlling shareholder | Guidance Letter | New Applicants |
| 13/07/2018 | GL99-18 | Main Board Rule 3A.07 GEM Rule 6A.07 |
Guidance on assessment of a sponsor's independence | Guidance Letter | New Applicants |
| 13/07/2018 | GL98-18 | Main Board Rules 2.03(2), 2.13(2), 3A.05, 3A.13, 9.07, 11.12, 11.15, paragraph 4 of Practice Note 21, paragraphs 2 and 38 of Appendix 1A and Appendix 19 GEM Rules 2.06(2), 2.18, 6A.05, 6A.13, 12.15, 14.23, 14.27, 17.56(2), paragraph 4 of Practice Note 2, paragraph 38 of Appendix 1A and Appendix 7G |
Guidance on disclosure in listing documents — listing applicants' names; statistics and data quoted; listing document covers; non-disclosure of confidential information; and material changes after trading record period | Guidance Letter | New Applicants |
| 06/07/2018 | GL97-18 | Main Board Listing Rules 2.13(2), 8.04, 8.10, 11.07, 14A.53, 17.03, Paragraph 27A in Appendix 1A | Guidance for applicants in the internet technology sector or that have internet-based business models (collectively, Relevant Sectors) (Updated in March 2019) |
Guidance Letter | New Applicants |
| 30/04/2018 | GL94-18 | Main Board Listing Rules 8.04, 19C.02 HKEX-LD43-3 |
Suitability for Secondary Listing as a Qualifying Issuer under Chapter 19C | Guidance Letter | New Applicants |
| 30/04/2018 | GL93-18 | Main Board Listing Rules 8.04, 8A.04 HKEX-LD43-3 |
Suitability for Listing with a WVR Structure | Guidance Letter | New Applicants |
| 30/04/2018 | GL92-18 | Main Board Listing Rules 9.09, 14.20 and 18A.03(1), and Practice Note 18 to Main Board Listing Rules |
Suitability for Listing of Biotech Companies (Updated in October 2019 and April 2020) |
Guidance Letter | New Applicants |
| 02/02/2018 | GL91-18 | Practice Note 18 of the Main Board Listing Rules Practice Note 6 of the GEM Listing Rules | Reallocation of shares from placing tranche to the public subscription tranche in an initial public offer | Guidance Letter | New Applicants |
| 02/02/2018 | GL90-18 | Paragraph 15(2)(c) of Appendix 1A of Main Board Rules Paragraph 15(3)(c) of Appendix 1A of GEM Rules Main Board Rule 2.13, GEM Rule 2.18 | Pricing Flexibility for Initial Public Offerings | Guidance Letter | New Applicants |
| 11/11/2016 | GL89-16 | Main Board Rules 1.01, 6.12, 7.19, 7.24, 8.05(1)(c)/8.05(2)(c)/8.05(3)(c), 8.10, 9.03(3), 10.07(1), 13.17, 13.18, 13.36(4), 14.55, 14.89, 14.90, 14.91, 14A.11, 14A.28, 19A.04, 19A.14, 19B.03, paragraph 3(e) in Practice Note 15, paragraph 27A in Appendix 1A and 1E, paragraphs 6.3, 16 and 40.3 in Appendix 16/ GEM Rules 1.01, 9.20, 10.29, 10.39, 11.03, 11.04, 11.12A(2), 12.09, 13.16A, 13.19, 17.19, 17.20, 17.42A, 18.04, 18.26, 18.27, 18.55(9), 18.68, 19.55, 19.88, 19.89, 19.90, 20.26, 25.10, 25.04(1), paragraph 3(e) in Practice Note 3 and paragraph 27A in Appendix 1A | Guidance on issues related to "controlling shareholder" and related Listing Rules implications (Updated in October 2017, February 2018 and February 2020) |
Guidance Letter | New Applicants |
| 02/02/2016 | GL86-16 | Main Board Rules 2.03(2) and 2.13 GEM Rules 2.06(2) and 14.26 |
Guide on Producing Simplified Listing Documents Relating to Equity Securities for New Applications (Updated in May 2016, September 2016, August 2017, May 2019, April 2020 and July 2020) |
Guidance Letter | New Applicants |
| 22/01/2016 | GL85-16 | Main Board Rules 2.03(2) and (4), 10.03, 10.04 and 19A.04 Paragraphs 5(1) and (2), and 13 of Appendix 6 to the Main Board Rules GEM Rules 2.06(2) and (4), 10.12(1A)(a) and (b), 13.02(1), 25.04 and note 2 of GEM Rule 10.12(4) |
Placing to connected clients, and existing shareholders or their close associates, under the Rules (Updated in February 2018, April 2020 and March 2021) |
Guidance Letter | New Applicants |
| 13/08/2015 | GL82-15 | Main Board Rules 2.13, 4.11, 8.06, 19.14 and 19.39 GEM Rules 7.12, 7.13, 11.11 and 17.56 |
Disclosure of unaudited quarterly/interim financial information in the listing document where the new listing applicant or any of its subsidiaries is listed on another exchange (Withdrawn in April 2019, superseded by HKEX-GL45-12) |
Guidance Letter | New Applicants |
| 03/06/2015 | GL81-15 | Main Board Rules 12.11A, 20.19A and 25.19B GEM Rules 16.04D and 29.21B |
Guidance on Mixed Media Offer (Updated in July 2018) |
Guidance Letter | New Applicants |
| 07/11/2014 | GL79-14 | Chapter 20 of Main Board Rules | Guidance on Documentary Requirements and Administrative Matters for Collective Investment Schemes ("CIS") Applications (Updated in November 2014, July and November 2015, June 2016 and March 2017) |
Guidance Letter | New Applicants |
| 17/10/2014 | GL75-14 | Main Board Rules Paragraphs 5(1) and 13(7) of Appendix 6 | Consents for placing of shares to connected clients who will hold the shares on behalf of independent third parties (Withdrawn in January 2016) |
Guidance Letter | New Applicants |
| 24/03/2014 | GL74-14 | Main Board Rules 2.13(2) and 9.03(3) GEM Rules 12.09 and 17.56(2) |
Guidance on what constitutes a failure of the Initial 3-day Check (Withdrawn in September 2014 due to discontinuation of 3-Day Check after 30 September 2014) |
Guidance Letter | New Applicants |
| 21/03/2014 | GL73-14 | Main Board Rules 14A.51 to 14A.59, 14A.71 to 14A.72 GEM Rules 20.49 to 20.57, 20.69 to 20.70 |
Guidance on pricing policies for continuing connected transactions and their disclosure (Updated in July 2014) |
Guidance Letter | New Applicants / Listed Issuers |
| 29/01/2014 | GL72-14 | Main Board Rules 2.13(2) and 11.07, 13.90, 19.10(2) & (3) and paragraph 7 of Appendix 1A GEM Rules 14.08(7) and 17.56(2), 17.102, 24.09(2) & (3) and paragraph 7 of Appendix 1A |
Simplification Series — Disclosure in listing documents for IPO cases — the "Applicable Laws and Regulations" section (Withdrawn in May 2016, superseded by HKEX-GL86-16) |
Guidance Letter | New Applicants |
| 24/01/2014 | GL71-14 | Main Board Rules 2.13(2), 8.04 and 11.07 GEM Rules 14.08, 14.08(7) and 17.56(2) |
Gambling Activities of New Applicants and/or Listed Issuers (Updated in March 2019) |
Guidance Letter | New Applicants / Listed Issuers |
| 24/01/2014 | GL70-14 | Main Board Rules Chapter 14A GEM Rules Chapter 20 |
Guide on Connected Transaction Rules (Withdrawn in July 2014) |
Guidance Letter | New Applicants / Listed Issuers |
| 03/06/2016 | GL68-13A | Main Board Rules 8.04, 2.06 GEM Rules 11.06, 2.09 |
Guidance on IPO vetting and suitability for listing (Updated in October 2019) |
Guidance Letter | New Applicants |
| 06/12/2013 | GL68-13 | Main Board Rules 8.04 and 2.06 GEM Rules 11.06, 2.09 |
Guidance on suitability for listing (Updated in June 2015 and March 2019) |
Guidance Letter | New Applicants |
| 06/09/2013 | GL65-13 | Main Board Rules 2.13(2) and 11.07 GEM Rules 14.08(7) and 17.56<(2) |
Disclosure in listing documents for IPO cases — information in property valuation report and market report (Withdrawn in July 2018; Superseded by GL56-13) |
Guidance Letter | New Applicants |
| 23/07/2013 | GL64-13 | Main Board Rule 10.09 GEM Rules 13.21 to 13.25 |
Simplification Series — Disclosure requirements for IPO cases — White and Yellow Application Forms and other application forms for designated subscribers and "How to Apply for Hong Kong Offer Shares" section in a prospectus (Withdrawn in May 2016, superseded by HKEX-GL86-16) |
Guidance Letter | New Applicants |
| 23/07/2013 | GL63-13 | Main Board Rules 2.03(2), 2.13(2), 3.08, 3.09 and 8.04 GEM Rules 2.06(2), 5.01, 5.02, 11.06 and 17.56(2) |
Guidance on disclosure of material non-compliance incidents in listing documents (Updated in September 2013, May 2014, May 2016 and March 2019) |
Guidance Letter | New Applicants |
| 23/07/2013 | GL62-13 | Main Board Rules 2.13, 3.08, 3.09, 11.07 and Paragraph 41 of Part A of Appendix 1 GEM Rules 5.01, 5.02, 14.08(7), 17.56 and Paragraph 41 of Part A of Appendix 1 |
Disclosure of Directors, Supervisors and Senior Management section in listing documents (Withdrawn in May 2016, superseded by HKEX-GL86-16) |
Guidance Letter | New Applicants |
| 01/10/2013 | GL61-13 | Chapter 2B of Main Board Rules, Rule 9.03(3) Chapter 4 of GEM Rules, GEM Rule 12.09(1) |
Guidance on accelerated procedures for reviewing a Listing Division's and/ or Listing Committee's decision to return a listing application (Updated in September 2014 and September 2020) |
Guidance Letter | New Applicants |
| 01/10/2013 | GL60-13 | Main Board Rules 3A.01(3), 5.07, 9.03(3) and 18.24(2) GEM Rules 6A.01(3), 8.30, 12.09 and 18A.24(2) |
Guidance on Confirmations required on Expert Opinions in Application Proofs and subsequent draft listing documents (excluding any report, opinion or statement issued by the Reporting Accountant which is covered by Guidance Letter HKEx-GL58-13) (Withdrawn in October 2020) |
Guidance Letter | New Applicants |
| 23/07/2013 | GL59-13 | Main Board Rules 2.13(2), 11.07, Paragraph 34 of Appendix 1A, Paragraphs 32 and 47 (2) of Appendix 16 GEM Rules 14.08(7), 17.56(2) and 18.41 |
Guidance on management discussion and analysis on the historical financial information ("MD&A") in listing documents (Withdrawn in May 2016, superseded by HKEX-GL86-16) |
Guidance Letter | New Applicants |
| 17/10/2014 | GL58-13 | Main Board Rules 4.04(1), 8.06 and 9.03(3) GEM Rules 7.03(1), 11.11 and 12.09 |
Guidance on confirmations required on the accountants' report, pro forma financial information and profit forecast in Application Proofs and subsequent draft listing documents (Withdrawn in October 2020) |
Guidance Letter | New Applicants |
| 01/10/2013 | GL57-13 | Main Board Rules 9.08(2)(a) to 9.08(2)(c), 12.01A, 12.01B, 20.25, 20.26, and Practice Note 22 GEM Rules 12.10(2)(a) to 12.10(2)(c), 16.01A, 16.01B and Practice Note 5 |
Guidance on the logistical arrangements for the submission and publication of Application Proofs, Post Hearing Information Packs ("PHIP") and related materials on the Exchange's Website (Updated in February, March, June and September 2014, November 2016, February 2018, and March, July 2019 and November 2020) |
Guidance Letter | New Applicants |
| 23/07/2013 | GL56-13 | Main Board Rules 2.13(2), 9.03(3) and 11.07 Paragraph 4 of Practice Note 22 to Main Board Rules GEM Rules 12.09, 14.08(7) and 17.56(2) Paragraph 3 of Practice Note 5 to GEM Rules |
Guidance on (i) disclosure requirements for substantially complete Application Proofs; and (ii) publication of Application Proofs and Post Hearing Information Packs on the Exchange's website (Updated in September 2013, February, March, June, September 2014 and August 2015, May and November 2016, August 2017, July 2018 and October 2020) |
Guidance Letter | New Applicants |
| 01/10/2013 | GL55-13 | Rules Main Board Rules 9.03, 9.10A, 9.11 and 19A.22A GEM Rules 12.12 to 12.14, 12.22 to 12.26 and 25.17A |
Guidance on Documentary Requirements and Administrative Matters for New Listing Application (Equity) (Updated in September 2013, February and March 2014, December 2016, February, July 2018 and November 2020) |
Guidance Letter | New Applicants |
| 03/05/2013 | GL54-13 | Main Board Rules 2.03(2), 2.13(2), 11.07 and 19A.42 GEM Rules 2.06(2), 14.08(7), 14.22 and 17.56(2) and Paragraph 67 of Part A of Appendix 1 |
Simplification Series — Disclosure in listing documents for IPO cases — the "Risk Factors" section (Withdrawn in May 2016, superseded by HKEX-GL86-16) |
Guidance Letter | New Applicants |
| 23/04/2013 | GL53-13 | Main Board Rules 2.03 and 7.15; GEM Rules 2.06 and 10.19 |
Guidance on liquidity arrangements for issuers seeking to list by introduction where the securities to be listed are already listed on another stock exchange (Updated in July 2013 and August 2020) |
Guidance Letter | New Applicants |
| 26/03/2013 | GL52-13 | Main Board Rules 2.13(2), 11.07 and Chapter 18 GEM Rules 14.08(7), 17.56(2) and Chapter 18A |
Disclosure in listing documents for new applicant mineral companies that the Exchange normally expects and to address comments raised by the Exchange and the SFC in the vetting of previous listing applications (Updated in February 2020) |
Guidance Letter | New Applicants |
| 22/02/2013 | GL51-13 | Main Board Rules 2.03(2) and (4), and 2.13 GEM Rules 2.06(2) and (4), and 17.56 |
Guidance on Cornerstone Investment — No Direct or Indirect Benefits to Cornerstone Investors other than Guaranteed Allocation at IPO price (Updated in June 2020) |
Guidance Letter | New Applicants |
| 31/01/2013 | GL50-13 | Main Board Rules 2.13(2), 11.07, Paragraphs 28 to 31 of Part A of Appendix 1 and Appendix 27 GEM Rules 14.08(7), 17.56(2), Paragraphs 28 to 31 of Part A of Appendix 1 and Appendix 20 |
Simplification Series — Disclosure in listing documents for IPO cases — the "Business" section (Withdrawn in May 2016, superseded by HKEX-GL86-16) |
Guidance Letter | New Applicants |
| 31/01/2013 | GL49-13 | Main Board Rules 2.13(2) and 11.07 GEM Rules 14.08(7) and 17.56(2) |
Simplification Series — Disclosure in listing documents for IPO cases — the "History and Development" section (Withdrawn in May 2016, superseded by HKEX-GL86-16) |
Guidance Letter | New Applicants |
| 31/01/2013 | GL48-13 | Main Board Rules 2.13(2) and 11.07 GEM Rules 14.08(7) and 17.56(2) |
Simplification Series — Disclosure in listing documents for IPO cases — the "Industry Overview" section (Withdrawn in May 2016, superseded by HKEX-GL86-16) |
Guidance Letter | New Applicants |
| 07/12/2012 | GL46-12 | Main Board Rule 8.05(1)(a) Main Board Rule 2.13 | Guidance on unrealised fair value gains on valuation of biological assets for the purpose of trading record and profit requirements under Rule 8.05(1) (a); disclosure requirements for IPO applicants with biological assets and due diligence work expected to be performed by sponsor and other professional advisers on biological assets (Updated in October 2015) |
Guidance Letter | New Applicants |
| 26/11/2012 | GL45-12 | Main Board Rules 1.01, 2.13, 4.04(1), 4.11, 8.05 and 8.06 GEM Rules 1.01, 7.03(1), 7.12, 11.10, 11.11, 11.14, 11.12A and 17.56 |
Guidance on trading record and financial eligibility requirements and disclosure of certain financial information (Updated in February 2018 and April 2019) |
Guidance Letter | New Applicants |
| 25/10/2012 | GL44-12 | Main Board Rules 2.03(2) and (4) GEM Rules 2.06(2) and (4) |
Guidance on Pre-IPO investments in convertible instruments (Updated in March 2017) |
Guidance Letter | New Applicants |
| 25/10/2012 | GL43-12 | Main Board Rules 2.03(2) and (4) GEM Rules 2.06(2) and (4) | Guidance on Pre-IPO investments (Updated in July 2013 and March 2017) |
Guidance Letter | New Applicants |
| 30/08/2012 | GL42-12 | Main Board Rule 9.09(b) | Guidance on Main Board Rule 9.09(b) in new listing cases | Guidance Letter | New Applicants |
| 22/08/2012 | GL41-12 | Paragraph 38 of Appendix 1A of Main Board Rules Paragraph 38 of Appendix 1A of GEM Rules |
Disclosure requirements for IPO cases — Disclosure of material changes in financial, operational and/ or trading position after trading record period (Withdrawn in July 2018; Superseded by GL98-18) |
Guidance Letter | New Applicants |
| 17/08/2012 | GL40-12 | General principles for listing of business trusts and stapled securities | The Exchange's approach to listing of:
• Business trusts
• Stapled Securities
(Updated in March 2014) |
Guidance Letter | New Applicants |
| 03/07/2012 | GL39-12 | Chapter 19B | Hong Kong Depositary Receipts ("DR") — Pre-release and Pre-cancellation | Guidance Letter | New Applicants |
| 15/06/2012 | GL38-12 | Main Board Rules 2.03(2), 2.13, 11.07, Paragraphs 32 and 38 of Part A of Appendix 1 GEM Rules 2.06(2), 17.56, 14.08(7), Paragraphs 32 and 38 of Part A of Appendix 1 |
Guidance on the Latest Practicable Date and the Latest Date for Liquidity Disclosure in Listing Documents (Withdrawn in April 2019) |
Guidance Letter | New Applicants |
| 15/06/2012 | GL37-12 | Main Board Rules 2.03(2), 8.21A, 9.11(17b), 9.11(28) and Paragraphs 32, 36 and 38 of Part A of Appendix 1 GEM Rules 2.06(2), 12.22(13), 12.23A(1) and Paragraphs 32, 36 and 38 of Part A of Appendix 1 |
Guidance on disclosure on financial information and prospects of new applicants (Updated in July, September 2013 and January 2014 and April 2019) |
Guidance Letter | New Applicants |
| 17/05/2012 | GL36-12 | Main Board Rules 2.13(2) and 11.07 GEM Rules 14.08(7) and 17.56(2) |
Guidance on distributorship business model -risks and disclosure in listing documents (Updated in February 2020) |
Guidance Letter | New Applicants |
| 08/05/2012 | GL35-12 | Main Board Rules 2.13(2), 4.04(1), 8.06 and 11.16 to 11.19 and Paragraph 34(2) of Part A of Appendix 1 GEM Rules 7.03(1), 11.10, 11.11, 17.56(2), 14.28 to 14.31 and Paragraph 34(2) of Part A of Appendix 1 |
Guidance on profit forecast and special dividend (Updated in July 2013 and April 2019) |
Guidance Letter | New Applicants |
| 25/04/2012 | GL34-12 | Main Board Rules 2.13(2), 7.03 and 11.07 | Disclosure in listing documents relating to hard underwriting | Guidance Letter | New Applicants |
| 17/04/2012 | GL33-12 | Main Board Rules 2.13 and Paragraphs 17 and 48 to 50 of Part A of Appendix 1 GEM Rules 17.56, Paragraphs 15(2) and 48 to 50 of and note 8 to Part A of Appendix 1 |
Disclosure in listing documents for IPO cases — Use of Proceeds (Withdrawn in May 2016, superseded by HKEX-GL86-16) |
Guidance Letter | New Applicants |
| 28/03/2012 | GL32-12 | Main Board Rules 4.04(2), 4.04(4), 4.05A, 4.13 and 4.28 GEM Rules 7.03(2), 7.03(4), 7.04A, 7.17 and 7.30 |
Guidance on the accounting and disclosure requirements for acquisitions of subsidiaries and businesses conducted during or after the trading record period (Withdrawn in October 2020) |
Guidance Letter | New Applicants |
| 05/03/2012 | GL31-12 | N/A | Typhoon and rainstorm warning arrangements (Withdrawn in October 2020) |
Guidance Letter | New Applicants |
| 09/02/2012 | GL30-12 | Main Board Rule Appendix 1 GEM Rule Appendix 1 |
Guidance on disclosure of Intellectual Property Rights in Listing Documents under Main Board Rule Appendix 1 and GEM Rule Appendix 1 (Withdrawn in July 2018; Superseded by GL56-13) |
Guidance Letter | New Applicants |
| 16/01/2012 | GL29-12 | Main Board Rule 2.03(2) and (4) GEM Rule 2.06(2) and (4) |
Interim Guidance on Pre-IPO Investments (reproduction of HKEx News Release dated 13 October 2010) (Updated in March 2017) |
Guidance Letter | New Applicants |
| 16/01/2012 | GL28-12 | Main Board Rules 2.13(2) and 11.07 GEM Rules 14.08(7) and 17.56(2) |
Guidance on disclosure in listing documents for applicants engaged in the restaurant business | Guidance Letter | New Applicants |
| 12/01/2012 | GL27-12 | Main Board Rules 2.13 and 11.07 GEM Rules 14.08(7) and 17.56 |
Simplification Series — Guidance on disclosure in listing documents for IPO cases — the "Summary and Highlights" section (Withdrawn in May 2016, superseded by HKEX-GL86-16) |
Guidance Letter | New Applicants |
| 03/01/2012 | GL26-12 | Main Board Rules 8.04 and 8.05(1) GEM Rule 11.06 |
Guidance on business models with significant forfeited income from prepaid packages | Guidance Letter | New Applicants |
| 12/10/2011 | GL25-11 | Main Board Rule 4.04(1) GEM Rules 7.03(1) and 11.10 |
Conditions for waivers from strict compliance with Main Board Rule 4.04(1) and GEM Rules 7.03(1) and 11.10 (Updated in November 2011, March 2012, June 2013, March 2014, September 2015 and July 2016) |
Guidance Letter | New Applicants |
| 30/03/2011 | GL24-11 | Main Board Rules 12.02, 12.04 and 12.05, Appendix 11 to the Main Board Rules GEM Rules 16.05, 16.09 and 16.10, Appendix 10< to the GEM Rules |
Simplification Series — Disclosure requirements for IPO cases — Formal Notice (Withdrawn in July 2018) |
Guidance Letter | New Applicants |
| 24/12/2010 | GL23-10 | Main Board Rules 9.11 and 19A.22A GEM Rules 12.22(15) and 25.17A |
Documentation requirements for IPO cases — facilitative procedures (Withdrawn in July 2018; Superseded by GL55-13) |
Guidance Letter | New Applicants |
| 22/10/2010 | GL22-10 | Main Board Rules 8.05 and 18.04, Paragraph 41(6) of Appendix 1A and Paragraph 41(6) of Appendix 1E GEM Rules 11.12A, 18A.01(3), 18A.04 and Paragraph 41(2) of Appendix 1A |
Pre-conditions for a waiver from the financial standards requirements for new applicant Mineral Companies under Main Board Rule 18.04 (Withdrawn in February 2020) |
Guidance Letter | New Applicants |
| 22/10/2010 | GL21-10 | Main Board Rules 2.03(2), 2.13(2), 3A.13 and Appendix 19 GEM Rules 2.06(2), 17.56(2), 6A.13 and Appendix 7G< |
Sponsor's due diligence on nondisclosure of confidential information in the listing document (Withdrawn in July 2018; Superseded by GL98-18) |
Guidance Letter | New Applicants |
| 27/07/2010 | GL20-10 | Chapter 19 | Matters to be considered by Germany incorporated listing applicants (Withdrawn, superseded by Germany Country Guide in December 2013) |
Guidance Letter | New Applicants |
| 27/07/2010 | GL19-10 | Main Board Rule Paragraph 5.2 of Practice Note 12 GEM Rules 11.16 to 11.19 |
Guidance on disclosure of (1) Land use right certificates and/or building ownership certificates for properties in the PRC; (2) Properties with defective titles in the PRC and Hong Kong; (3) Idle land in the PRC; (4) Civil defense projects in the PRC; and (5) Land resettlement operations in the PRC | Guidance Letter | New Applicants |
| 30/06/2010 | GL18-10 | Main Board Rule 9.08 GEM Rule 12.10 |
Guidance on publicity materials and e-IPO advertisements (Updated in July 2013, March 2014 and July 2018) |
Guidance Letter | New Applicants |
| 28/05/2010 | GL17-10 | Main Board Rules 21.04, 21.14(1), 21.14(3) and 21.14(5) | Guidance for Chapter 21 companies (Updated in September 2011, March 2014 and August 2015) |
Guidance Letter | New Applicants |
| 22/10/2009 | GL16-09 | Main Board Rules 9.07, 9.08, 11.13, 11A.04, 11A.10, 12.01, 12.02, 12.03, 12.05, 12.08, 12.09, 20.12 and Appendix 7G-para 6 GEM Rules 12.10, 12.15, 14.24, 15.04, 15.10, 16.01, 16.07, 16.08, 16.10, 16.13, 16.14 and 17.31 |
Pre-vetting of documents and announcements in IPO cases and post-vetting announcements relating to price stabilization actions (Withdrawn in October 2020) |
Guidance Letter | New Applicants |
| 22/10/2009 | GL15-09 | Main Board Rules 2.13(2), 8.21A and 11.16 to 11.19 | Payment of special dividend based on a new applicant's estimated distributable profits for a period up to the day immediately before listing (Withdrawn in April 2019) |
Guidance Letter | New Applicants |
| 10/2009 | GL14-09 | N/A | Application for exemptions from the Companies Ordinance (Updated in March 2014) |
Guidance Letter | New Applicants |
| 10/2009 | GL13-09 | Main Board Rules 2.13(2), 9.07 and 11.15 GEM Rules 2.18, 12.15 and 14.27 |
Listing Document Covers (Withdrawn in July 2018; Superseded by GL98-18) |
Guidance Letter | New Applicants |
| 09/2009 | GL12-09 | Chapter 19 of the Main Board Rules, Chapter 24 | Streamlined procedures for listing overseas companies (Withdrawn on 24 November 2014) |
Guidance Letter | New Applicants |
| 24/07/2009 | N/A | N/A | Stock Exchange Publishes Guidance on its IPO Process (Withdrawn on 24 January 2014) |
Letter to Issuers | New Applicants |
| 07/2009 | GL11-09 | Main Board Rule 17.02(1)(b) and paragraph 27 of Appendix 1A | Conditions for a waiver from strict compliance with Main Board Rule 17.02(1)(b) and paragraph 27 of Appendix 1A regarding disclosure of pre-IPO share option schemes (Updated in March 2014) |
Guidance Letter | New Applicants |
| 07/2009 | GL10-09 | Main Board Rules 13.46 and 13.49(1) | Conditions for a waiver from strict compliance with Main Board Rules 13.46 and/or 13.49(1) regarding the publication of first annual report and first annual result respectively (Withdrawn in October 2020) |
Guidance Letter | New Applicants |
| 07/2009 | GL9-09 | Main Board Rules 8.12 and 19A.15 | Conditions for a waiver from strict compliance with Main Board Rules 8.12 and 19A.15 regarding sufficient management presence in Hong Kong | Guidance Letter | New Applicants |
| 07/2009 | GL8-09 | Main Board Rules 2.13, 3A.13, 11.12 and Appendix 19(b) GEM Rules 2.18, 6A.13, 14.23, 17.56 and Appendix 7G(2) |
Statistics and data quoted in prospectuses (Withdrawn in July 2018; Superseded by GL98-18) |
Guidance Letter | New Applicants |
| 07/2009 | GL7-09 | Main Board Rules 3A.02B, 3A.17, 3A.18 and 9.03(1) GEM Rules 6A.02B, 6A.17, 6A.18, 12.07 and 12.08 |
Documentary requirements for refiling a listing application (a) more than six months after the date of the original listing application; or (b) where a sponsor has changed (Withdrawn in October 2020) |
Guidance Letter | New Applicants |
| 01/10/2013 | GL6-09A | Main Board Rules 4.29, 8.06 and 9.03(3) GEM Rules 7.31, 11.11 and 12.09 |
Guidance on the financial information for the trading record period expected in the first draft listing document for listing applications (Withdrawn in July 2018; Superseded by GL56-13) |
Guidance Letter | New Applicants |
| 07/2009 | GL6-09 | Main Board Rules 4.29, 8.06 and 9.03(3) GEM Rules 7.31, 11.11 and 12.09 |
IPO-filing administrative practices -Information in the first draft listing document -Acceptance for vetting (Withdrawn in February 2014; Superseded by GL6-09A) |
Guidance Letter | New Applicants |
| 05/06/2009 | N/A | N/A | Possible Waiver for Profit Test Requirement for Initial Listing Applicants on the Main Board (Withdrawn on 24 January 2014) |
News Release | New Applicants |
| 21/07/2008 | N/A | N/A | Guidance regarding indebtedness, liquidity, financial resources and capital structure disclosure in listing documents issued by new applicants (Withdrawn on 15/6/2012; Superseded by GL37-12) |
Letter to Issuers | New Applicants |
| 07/2008 | GL5-08 | Main Board Rules 8.05 and 18.03 | Guidance on the interpretation of the experience requirement of the directors and management of the issuer under Main Board Listing Rule 18.03 and the current standing of Listing Decision HKEx-LD9-3 (Withdrawn in 10/2010; Superseded by GL22-10) |
Guidance Letter | New Applicants |
| 01/2008 | N/A | N/A | Pilot Pre-IPO Information Scheme Supports Hong Kong's Position as an International Financial Centre (Withdrawn on 24 January 2014) |
Exchange Newsletter | New Applicants |
| 27/12/2007 | N/A | N/A | Web Proof Information Packs Available Online in January (Withdrawn on 24 January 2014) |
News Release | New Applicants |
| 05/11/2007 | N/A | N/A | Earlier Disclosure of Information by IPO Applicants (Withdrawn on 24 January 2014) |
News Release | New Applicants |
| 04/2007 | N/A | N/A | Overview of Policy Statement on Issuers from Overseas Jurisdictions (Withdrawn on 24 January 2014) |
Exchange Newsletter | New Applicants |
| 07/03/2007 | N/A | N/A | SFC/HKEx Joint Policy Statement Regarding the Listing of Overseas Companies (Withdrawn on 24 January 2014) |
News Release | New Applicants |
| 04/2006 | GL4-06 | Main Board Rule 3A.07(9)(c) | Guidance on assessment of a sponsor's independence (Withdrawn in July 2018; Superseded by GL99-18) |
Guidance Letter | New Applicants |
| 04/2006 | GL3-06 | Main Board Rules 9.08 and 11A.07 | Application of an exchange participant 8 to the Exchange for approval of publication of a summary form of IPO prospectus and other publicity materials for promoting the sale of IPO shares (Withdrawn in July 2018) |
Guidance Letter | New Applicants |
| 04/2006 | GL2-06 | Main Board Rule 3A.08A | Procedures for assessing a sponsor's independence when a partnership is the controlling shareholder of the sponsor (Withdrawn in July 2018; Superseded by GL99-18) |
Guidance Letter | New Applicants |
| 04/2006 | GL1-06 | Main Board Rule 8.06 | Disclosure of financial information in IPO prospectuses where the new listing applicants are also listed on an overseas exchange and the applicable rules and regulations of such foreign exchange require the applicants to publish such financial information (Withdrawn in August 2015) |
Guidance Letter | New Applicants |
| 02/04/2003 | N/A | N/A | Response to CSRC Abolishing the Requirement to review PRC Legal Opinions in respect of Overseas Incorporated Companies with Mainland Interests Seeking a Listing outside the Mainland (Withdrawn on 24 January 2014) |
News Release | New Applicants |
| 13/10/1999 | N/A | N/A | The period covered by the accountants reports in the listing documents for companies applying for listing on GEM (Withdrawn on 24 January 2014) |
News release | New Applicants |
| 16/05/1997 | N/A | N/A | MB Rule 9.08 -Letter regarding publication materials under Rule 9.08 (Withdrawn on 30/6/2010; Superseded by GL18-10) |
Letter to Issuers | New Applicants |