Market capitalisation, research and development investment, and historical financing would be the primary bases for listing such companies under the new proposal.

On 19 October 2022, The Stock Exchange of Hong Kong Limited (the SEHK) issued a consultation paper (the Consultation Paper) on the listing regime for specialist technology companies proposing to include a new Chapter 18C within the Rules Governing the Listing of Securities on the SEHK (the Listing Rules).The SEHK is inviting public comments on the proposals until the end of the consultation period on 18 December 2022. This reform proposal has been long-awaited after the 2018 Listing Reform, which permitted the listing of qualifying pre-profit biotech companies and innovative companies with weighted voting rights (WVR) structures, and also created a secondary listing route for overseas issuers listed on qualifying exchanges. These proposals, once adopted, would further diversify Hong Kong’s capital market with broader opportunities for investors.