Prof. Gavin Feng Was Invited to Attend “Stock Talk” Program on CMG Radio The Greater Bay
Prof. Gavin Feng, Scientist from AIFT was invited to attend the “Stock Talk (談股論金)” program on CMG Radio The Greater Bay on 29 Aug 2024, where he shared insightful commentary on the recent amendments to the Listing Rules by HKEX. Prof. Feng highlighted that the revisions offer more flexible listing pathways for Specialist Technology Companies and Special Purpose Acquisition Companies (SPACs), lowering the minimum market capitalization threshold and investment requirements. These changes aim to enhance the attractiveness of the Hong Kong stock market and further encouraging emerging industries and innovative tech companies to list in Hong Kong.
By citing XtalPi’s successful listing as an example, Prof. Feng emphasized that the introduction of Chapter 18C and the recent amendments have effectively facilitated the financing and growth of high-growth tech companies, boosting the vibrancy and appeal of Hong Kong’s capital market. He also noted that the optimized regulations for SPACs will accelerate capital flows and support more innovative projects in achieving rapid listing through mergers and acquisitions.
Prof. Feng also shared his insights on how Hong Kong’s stock market can further deepen innovation. He pointed out that Hong Kong should continue to leverage its strengths as an international financial center, deepen cooperation with mainland markets, support innovation in green finance and sustainable development, and continually explore advanced technologies to enhance market efficiency. Such ongoing innovation will further solidify Hong Kong’s leading position in the global capital market and better serve the strategic needs of national high-quality development.
In conclusion, Prof.Feng remarked that the flexible adjustments to the Listing Rules not only invigorate the capital market but also demonstrate Hong Kong’s role as a hub of financial innovation. These reforms provide more open and supportive listing avenues for emerging tech companies, facilitating their sustainable growth in the global market.
Listen to the episode on the RTHK Website: CMG Radio The Greater Bay
