HKEx to allow biotech companies to list in both China new third board and HK stock market
May 31, 2018 (China Knowledge) - The "new third board + H" mode will soon be launched.
In line with certain conditions, enterprises will be listed in the new third board and HKEx at the same time. Previously, many institutions expected biotechnology companies to take the lead to obtain approval to list in the" new third board + H" model. Preparations for HKEx to broaden its listing mechanism in Hong Kong are in the final stages. It plans to list biotechnology companies that met certain requirements but did not yet have a profit or income, according to Charles Li, Chief Executive of the HKEx.
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