{"id":1988510,"date":"2023-08-02T08:22:02","date_gmt":"2023-08-02T12:22:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hong-kong-cuts-china-risk-section-in-listing-rules-but-says-scrutiny-unchanged\/"},"modified":"2023-08-02T08:26:40","modified_gmt":"2023-08-02T12:26:40","slug":"hong-kong-cuts-china-risk-section-in-listing-rules-but-says-scrutiny-unchanged","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hong-kong-cuts-china-risk-section-in-listing-rules-but-says-scrutiny-unchanged\/","title":{"rendered":"Hong Kong trims China-risk section in listing rules, but maintains scrutiny."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fhong-kong-cuts-china-risk-section-in-listing-rules-but-says-scrutiny-unchanged%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1988510&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p><strong>By Selena Li and Kane Wu<\/strong><\/p>\n<p><strong>HONG KONG (Reuters) &#8211;<\/strong> The Hong Kong stock exchange has made an exciting change to its listing application rules. As of Tuesday, the exchange has removed a China-risk section for mainland-incorporated companies. This move is aimed at aligning \u200bthe\u200c disclosure requirements for IPO-aspirants from all countries. Don&#8217;t worry, \u200bthe scrutiny level remains the same.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>In its latest revision \u200bto <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sec-greenlights-stock-exchanges-race-gender-lgbtq-diversity-mandate-for-corporate-boards\/\" title=\"SEC Greenlights Stock Exchange\u2019s Race, Gender, LGBTQ+ Diversity Mandate For Corporate Boards\">listing rules<\/a>, the Hong \u200dKong stock \u2064exchange has repealed a whole section that focused on risks from China&#8217;s policies and its business and legal environment. \u200cThis change was outlined in a consultation conclusion paper published on July 21.<\/p>\n<p>However, Hong Kong Exchanges and Clearing Ltd (HKEX) has clarified that there has been &#8220;no roll \u2063back&#8221; in the level\u2063 of scrutiny required by the listing rules. China-incorporated issuers are still subject to the same disclosure rules as other issuers.<\/p>\n<p>&#8220;All listing applicants, regardless of place of incorporation\u2062 and operational jurisdictions, must continue to disclose any material \u2063matters and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/daniel-penny-deserves-a-medal-not-jail-time\/\" title=\"Daniel Penny deserves a medal, not prison.\">specific risk factors<\/a> that are relevant to their business, operations, industry, jurisdiction of incorporation, etc,&#8221; \u2064HKEX \u200bstated.<\/p>\n<p>&#8220;If there are material risks in doing business in any\u2064 jurisdiction in which a listing applicant has material operations, they are required to disclose it under\u2064 the existing rules. This applies to all\u2062 issuers, from \u2062all jurisdictions.&#8221;<\/p>\n<p>A large number of\u200b Chinese companies \u200dchoose\u200b to make their \u2062public\u2062 market debut either in Hong Kong or in the United States. Global investors closely analyze the disclosures made in their IPO prospectuses to assess risks and prospects.<\/p>\n<p>China&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hong-kong-cuts-china-risk-section-in-listing-rules-but-says-scrutiny-unchanged\/\" title=\"Hong Kong trims China-risk section in listing rules, but maintains scrutiny.\">securities watchdog published updated rules<\/a> for offshore listings in February,\u2062 and Hong Kong followed with its own \u200bconsultation on proposed \u200dchanges a\u2064 week later.<\/p>\n<p>The deletion of the China-specific risk section was \u2064part\u200c of \u200ca move\u200d to &#8220;align the requirements&#8221; for all issuers. Other amendments were made to reflect &#8220;recent \u2062changes in Mainland China regulatory framework,&#8221; according to the Hong Kong exchange&#8217;s conclusion paper on July 21.<\/p>\n<p>In a summary of rule revisions, the exchange did not list the removal of China risk disclosures as a major change.<\/p>\n<p>&#8220;Legacy rules had split out specific requirements for People&#8217;s \u200bRepublic of China-incorporated issuers, but the recent consultation\u2064 has sought to align requirements for \u2064all overseas-incorporated companies,&#8221;\u2063 the exchange said.<\/p>\n<p><strong>REGULATORY CHANGES IN CHINA,\u2064 U.S.<\/strong><\/p>\n<p>The\u200c China \u200bSecurities Regulatory Commission recently met with local lawyers\u200c and asked them to refrain from including negative descriptions\u200c of China&#8217;s\u2062 policies \u2064or its business and legal\u200c environment in companies&#8217; listing \u200dprospectuses, sources said.<\/p>\n<p>The \u2063regulator warned that failure to comply could hinder regulatory approval for IPOs.<\/p>\n<p>Earlier \u200dthis month, the U.S. Securities and Exchange Commission directed Chinese\u200d companies listed on U.S. stock exchanges to disclose\u2062 more details about the role of\u2063 the Chinese\u200c government in their operations\u2064 and the impact of a 2021 law banning the import of goods from China&#8217;s Uyghur region.<\/p>\n<p>The now-removed\u2062 China risk section in Hong Kong listing rules required mainland issuers to offer\u200c a summary of risks related to &#8220;the relevant laws and regulations,&#8221; &#8220;the political structure and\u200c economic environment,&#8221; &#8220;foreign exchange \u2063controls \u2062and exchange rate risk&#8221; of China, as well as\u200c other specific risks of doing business in China.<\/p>\n<p>Since\u200d China&#8217;s new offshore listing regime came into effect on March 31, \u2064the\u2064 majority of Chinese companies&#8217; offshore listing proposals have \u2062been filed with the Hong Kong exchange. However, only a few \u2062of them have received Beijing&#8217;s \u2062approval to start raising funds.<\/p>\n<p>  (Reporting by Selena Li \u200dand Kane Wu in Hong Kong; Editing by Sumeet Chatterjee, Christina Fincher \u2063and Neil Fullick)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/hong-kong-cuts-china-risk\/attachment\/hang-seng-stock-index-in-hong-kong-2\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Former business associate of Hunter Biden, Devon \u2064Archer,<\/strong> appeared before the House Oversight Committee on \u200dMonday and reportedly said that Hunter used his father&#8217;s influence to sell &#8220;the brand.&#8221;<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Former President Trump<\/strong> is indicted for his alleged role in January 6th, \u2062while accusations against Lizzo may not be Rumors.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>After a long day of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/amb-sondland-sues-pompeo-state-department-for-1-8m-in-legal-fees\/\" title=\"Amb. Sondland Sues Pompeo, State Department for .8M in Legal Fees\">closed-door testimony<\/a> before the House Oversight Committee, <strong>Ex-Biden Partner, Devon Archer,<\/strong> confirms \u200dsome damning information.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Thousands\u200c of people in Niger have taken to the streets to support a recent coup, denouncing \u2062France while waving Russian flags.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>By Nette Noestlinger, Matthias Baehr and Elizabeth Howcroft LONDON (Reuters) &#8211;<\/strong> Worldcoin will expand its operations to sign up more users globally\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>By Munsif Vengattil BENGALURU (Reuters) &#8211;<\/strong> Taiwan&#8217;s Foxconn will invest $600\u2064 million in two projects in Karnataka state in southern India to make\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>By Yuvraj Malik (Reuters) &#8211;<\/strong> Apple\u2064 is likely to report\u200c a dip in iPhone sales in the \u2063April-June quarter as shoppers\u200b held out\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>By \u200bAditya Kalra, Arpan Chaturvedi and Munsif Vengattil NEW DELHI (Reuters) &#8211;<\/strong> Social media platform X is seeking to quash \u200dan Indian court\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>update, the Hong Kong stock exchange has eliminated a section focused on China-related risks for mainland-incorporated companies in its listing application rules. This change aims to align disclosure requirements for IPO applicants from all countries, while maintaining the same level of scrutiny.<\/p>\n","protected":false},"author":66,"featured_media":1988511,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1988510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1988510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1988510"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1988510\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1988511"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1988510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1988510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1988510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}