HKEX published a consultation-summary, receiving 73 responses. All previously proposed measures were broadly supported and will be adopted with minor revisions. For different voting-rights/dual-class share structures, market-cap thresholds are cut to ≥HK$20 bln, or ≥HK$6 bln with audited revenue ≥HK$600 mln in the most recent fiscal year. If market cap at listing is ≥HK$40 bln, the voting-rights ratio cap can be raised to 20:1. The confidential (non-public) listing-application route will be exte

HKEX published a consultation-summary, receiving 73 responses. All previously proposed measures were broadly supported and will be adopted with minor revisions. For different voting-rights/dual-class share structures, market-cap thresholds are cut to ≥HK$20 bln, or ≥HK$6 bln with audited revenue ≥HK$600 mln in the most recent fiscal year. If market cap at listing is ≥HK$40 bln, the voting-rights ratio cap can be raised to 20:1. The confidential (non-public) listing-application route will be extended to allow all new applicants to submit applications confidentially.