6month3Today, Youbo Holdings is listed on the Hong Kong Stock ExchangeGEM indexListing. This is the first time since the Hong Kong Growth Enterprise Market started2021year1month13The first new stock since yesterday. Youbo Holdings has becomeGEM indexWhat is the demonstration significance of the first company to successfully go public in three years? What are the highlights after the reform of the Hong Kong Growth Enterprise Market? In which aspects is it attractive to companies applying for listing in the future? Which industries are expected?/Benefiting enterprises of a certain type?
Frost & SullivanFrost & Sullivan,Frost & Sullivan, referred to below as 'Frost & Sullivan', provides exclusive industry advisory services for the listing of Youbo Holdings. Xiang Weili, Executive Director of Frost & Sullivan Greater China, was interviewed by Securities Daily to discuss the Hong Kong Stock ExchangeGEM indexCurrent situation.
Securities Daily
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Q: UBEC Holdings becameGEM indexWhat is the demonstrative significance of the first company to successfully go public in three years?
since2018Since the reform a year ago,GEM indexThe number of listings and financing amounts have declined for various reasons.2023year9monthGEM indexWe launched a secondary reform, reintroduced the simplified transfer board mechanism, and are committed to meeting the financing needs of more small and medium-sized enterprises.2024shall come into force on [date]. Yubo Holdings herebyGEM indexThe successful listing proves thatGEM indexThe feasibility and effectiveness of the reform have boosted the confidence of enterprises and investors, which will encourage more high-quality enterprises to list in Hong Kong for financing, ultimately enhancing the overall Hong Kong stock market.IPO listingThe international influence of the market.
Q: What are the highlights of the Hong Kong Growth Enterprise Market (GEM) reform? In what aspects does it attract subsequent companies applying for listing? Which industries are expected to be affected?/Benefiting enterprises of a certain type?
GEM indexThe reform introduces a simplified transfer mechanism, such as allowing issuers to apply to transfer to the main board without appointing a sponsor for due diligence or publishing listing documents that meet the 'Prospectus Standard',GEM indexThe post-listing embargo period for the controlling shareholder of the issuer is from24months are shortened to12months, removing the requirement for mandatory quarterly performance reports, etc., provide more convenient and transparent pathways for subsequent applicants to transfer to the main board for listing, reducing compliance costs for listing and attracting high-quality enterprises interested in listing to apply earlier. It is expected that this reform will help more enterprises like mainland companies and technology-based small and medium-sized enterprises with high development potentialGEM indexGoing public has helped them thrive.
*This interview has been published in 'Securities Daily', with reporter Mao Yirong, and the original title was: More than three years later, Hong Kong stocks and ChiNext welcome new listings Everbright Holdings rose on its listing day6% ">
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