27 Feb 2023
Christopher Hui, secretary for HKSAR financial services and the treasury, said on Sunday that the HKEX will adopt new main board listing rules in March to allow listings by technology companies with no revenue or profit, and the move will be conducive to financial integration between Hong Kong and other cities in the Greater Bay Area (GBA). This will be the biggest reform of its kind since 2018 when HKEX allowed tech firms with weighted voting rights and pre-revenue biotech start-ups to seek listings. The new rules will apply to five sectors: next-generation information technology such as cloud computing and artificial intelligence, advanced hardware like semiconductors, self-driving vehicles, and metaverse, new materials, new energy, and new food and agriculture technologies.