Innovative Firms

One month after Hong Kong Exchanges and Clearing (HKEX) proposed its major listing reforms—the biggest since 2018—a leading law firm says the changes will make the city more attractive to smaller AI and biotech companies previously priced out of weighted voting rights (WVR) listings. HKEX's 'listing reform 2.0' halves the WVR market cap threshold to HK$20 billion and allows confidential filings for all issuers. Consultation ends May 8.