Joint Submission to HKEX's July 2020 Consultation Paper on Paperless Listing

AIIFL Working Paper No. 36, 2020

28 Pages Posted: 22 Oct 2020

See all articles by Syren Johnstone

Syren Johnstone

Faculty of Law, University of Hong Kong; Asian Institute of International Financial Law

Frederick J. Long

Olympus Capital Asia, Hong Kong

Date Written: September 1, 2020

Abstract

On 24 July 2020, HKEX announced two important initiatives. The first moves toward resolving a shortcoming in the regime for new listing applicants. The second aspires to improve Hong Kong’s environmental practices via a paperless listing regime. While both proposals set a directionally positive tone, there are some devils in the details. The first represents a small step with more to be done to implement recommendations made in a report by the HKICPA in December 2017. The second synchronizes poorly with the law, may not bring about the desired outcome and may have overshot the mark as to what could have been more simply done.

Keywords: HKEX, Corporate Governance, ESG, Environment, Listing Regime, Prospectus, Electronic Listing Regime, HKICPA, MMO, Alibaba

Suggested Citation

Johnstone, Syren and Long, Frederick J., Joint Submission to HKEX's July 2020 Consultation Paper on Paperless Listing (September 1, 2020). AIIFL Working Paper No. 36, 2020, Available at SSRN: https://ssrn.com/abstract=3670542

Syren Johnstone (Contact Author)

Faculty of Law, University of Hong Kong ( email )

Faculty of Law, Pokfulam Road
Pokfulam
Hong Kong
Hong Kong

HOME PAGE: http://www.law.hku.hk/academic_staff/syren-johnstone/

Asian Institute of International Financial Law ( email )

Faculty of Law, Pokfulam Road
Pokfulam
Hong Kong
Hong Kong

HOME PAGE: http://www.law.hku.hk/academic_staff/syren-johnstone/

Frederick J. Long

Olympus Capital Asia, Hong Kong ( email )

Hong Kong
Hong Kong

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