The latest IPO reforms by Hong Kong Exchanges and Clearing (HKEX) are designed to improve the city's competitiveness in attracting new listings.
Proposed changes include reducing the public float requirement and increasing shares available for institutional investors, drawing interest from major players.
Current rules stipulate a minimum public float of 25%, while reforms could lower this to between 5% and 25% depending on market value.
Concerns arise that these changes may favor institutional investors over retail investors, prompting debate on balancing market participation.
HKEX is seeking feedback on these proposals, which aim to revive its status as a leading IPO venue [Read the full article here](https://www.scmp.com/business/markets/article/3293362/hong-kong-exchanges-ipo-reforms-would-draw-more-listings-bankers-say).