Listing steps of Hong Kong stocks
1 Phase 1
Designate sponsors and intermediaries for GEM listing, including accountants, lawyers, asset appraisers and share transfer offices, determine the requirements of major shareholders for listing, and implement the preliminary sales plan.
2 the second stage
Decide on the time of listing, do a good job in serious investigation, verification, evaluation and organizational structure, and review the accounting records in the past two or three years. The sponsor drafted the prospectus of this share offering, and lawyer China drafted the application of the China Securities Regulatory Commission and other relevant documents, and submitted the listing application to the China Securities Regulatory Commission.
3 the third stage
Submit the Hong Kong listing documents to the Stock Exchange for approval, prepare promotional materials, determine the issue price, invite underwriters to give a brief introduction to the underwriting syndicate analysts, and prepare and finalize the company's research report.
4 the fourth stage
China Securities Regulatory Commission approves the audit materials, and the Exchange approves the listing application. Agency underwriting arrangements, such as demand analysis, roadshows and public offerings.
5 the fifth stage
After the IPO, arrange the quantity, pricing and post-listing sales, distribute shares to investors, complete the sales and settle the funds in place, and finally start trading the company's shares in the secondary market.
Since 20 17, the listing trend of Hong Kong stocks has intensified and become the most active exchange in the world. As one of the international financial centers, its securities market rules have become increasingly strict, fair, mature and steady.