What are the requirements for listing in Hong Kong?

Listing in Hong Kong requires profit test, market value test, other financial requirements, business requirements, management and ownership requirements and other requirements.

The company's profit in the last three fiscal years is not less than HK$ 50 million, of which the profit in the latest year is not less than HK$ 20 million, and the accumulated profit in the previous two years is not less than HK$ 30 million.

At the time of listing, the market value must reach at least HK$ 500 million.

The minimum public shareholding is 25%, and the market value at the time of listing exceeds HK$ 654.38+000 billion, which can be reduced to 654.38+05%. At least 300 shareholders are required and the company is required to submit financial reports twice a year.

The main business is not specified. In fact, the profit of the main business must meet the requirements of minimum profit, and there is no relevant provision for the expression of business objectives. Applicants must list a general description of future plans and prospects.

The three-year business record period must operate under basically the same management and ownership, with at least three independent directors and at least one-third of the board members.

The sale of shares by major shareholders is restricted, so the company needs to prepare and submit a detailed prospectus, including the company's basic situation, financial situation, business strategy, risk factors and so on.