24 Jan 2012

Is Hong Kong Digging Too Deep?

A Brief Commentary on the Stock Exchange of Hong Kong's Listing Rules for Mineral Companies and the Future for Mineral Companies Wishing to List in Hong Kong
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This memo provides a review of certain aspects of Chapter 18 of the Listing Rules of the Stock Exchange of Hong Kong Limited and the future for mineral companies wishing to list in Hong Kong. China’s insatiable appetite for natural resources and the international investor base of Hong Kong provides a happy marriage whilst liquidity in Hong Kong and exposure to the Asian investor base continues to lure overseas issuers. We can look forward to more overseas issuers braving the stormy capital markets and hopefully watch the floodgates open when markets recover from the recent downturn in sentiment, despite the challenges in implementation.