Hong Kong Securities Regulatory Commission: Measures to improve the listing approval process will be announced as soon as Friday, and I believe Hong Kong's IPO capital raised will soon return to the top three

The Zhitong Finance App learned that the Policy Address mentioned that the Hong Kong Securities Regulatory Commission and the Hong Kong Stock Exchange (00388) will announce specific measures to further optimize the listing approval process. Lei Tianliang, who is about to step down as the chairman of the Hong Kong Securities Regulatory Commission, said that details of the relevant measures will be announced as soon as Friday, hoping to make it easier for companies to grasp the listing schedule by simplifying listing procedures. He said that improving the listing approval process can make the listing approval process more clear and simplified, and he is confident that Hong Kong's IPO capital will soon return to the top three.

Lei Tianliang pointed out that improving the listing approval process and increasing transparency can make companies more sure about the listing time. It is hoped to attract more leading domestic and foreign companies to go public in Hong Kong, which will help strengthen Hong Kong's capital market and consolidate its position as an international financial center.

He pointed out that currently there are still more than 100 active IPO applications in Hong Kong, and the capital raised by a single Midea Group (00300) has reached 30 billion yuan, bringing Hong Kong's IPO ranking to fifth place. If several leading or iconic companies go public in Hong Kong by the end of the year, he believes Hong Kong's IPO capital collection will soon return to the top three.

In April, the China Securities Regulatory Commission announced five measures to strengthen Hong Kong cooperation, including proposals to encourage leading companies to go public in Hong Kong. Lei Tianliang said that at present, if mainland companies want to go public in Hong Kong, they must first submit filing materials, etc. to the China Securities Regulatory Commission. Therefore, the Hong Kong Securities Regulatory Commission communicates and contacts with the China Securities Regulatory Commission from time to time. Instead, it is hoped that it can further simplify and speed up the prudent procedures for mainland companies to go public in Hong Kong. It is best to establish a green channel.