With ongoing regulatory developments affecting capital markets globally, many China-related businesses are considering pursuing their IPOs in Hong Kong. However, the regulatory regime for IPOs on the Stock Exchange of Hong Kong Limited (HKEx) has a number of unique features and can pose unforeseen challenges for companies that may be familiar with or that have already commenced the IPO process in other markets. Accordingly, companies considering an IPO in Hong Kong need to be fully informed of the relevant HKEx requirements to be properly prepared and ensure a smooth IPO process.