Update No. 129

Note to subscribers for the amendments to the rules governing the listing of securities (the "Listing Rules")
Update No. 129
August 2020
Dear Sirs,
Amendments to the Main Board Listing Rules
We enclose reprinted pages of the Listing Rules and filing instructions. The reprinted pages incorporate amendments to implement the proposals of the "Consultation Conclusions on Review of Chapter 37 – Debt Issues to Professional Investors Only" published on 21 August 2020.
Key changes to the Listing Rules include:
•    Raising the existing issuer’s minimum net assets requirement from $100 million to $1 billion;
•    Introducing a minimum issuance size of $100 million;
•    Requiring issuers to state explicitly in the listing document the intended investor market in Hong Kong are professional investors only;
•    Requiring publication of listing documents on the Exchange’s website on the listing date; and
•    Introducing other Listing Rules amendments to enhance the regulatory oversight over issuers and guarantors’ in terms of their continuing obligations.
Coming into effect
The amendments will come into effect on 1 November 2020.
Please click HERE to see the amendments to the Main Board Listing Rules.
Yours faithfully,
For and on behalf of
The Stock Exchange of Hong Kong Limited
Bonnie Y Chan
Head of Listing