The conclusions of the consultation (the “Consultation Conclusions”) on review of the position of the Growth Enterprise Market (“GEM”) and changes to the GEM and Main Board Listing Rules (collectively, the “Listing Rules”) was published on 15 December 2017. Having considered the views of respondents, The Stock Exchange of Hong Kong decided to adopt substantially all the proposed amendments to the Listing Rules.

The revised rules took effect from 15 February 2018.  In this legal update, we provide a summary of the changes and revised rules made under the Consultation Conclusions: