Our Markets 
15/07/2014 
 

Our Exchange operates two markets on which companies may choose to list their shares: the Main Board and the Growth Enterprise Market (GEM). 

Main Board

A market for companies that meet our profit or other financial standards requirement.  The industries of companies listed on our Main Board range from conglomerates and banks to utilities and property plays.

On 9 May 2008, the Exchange announced that the framework for issuers to list on the Main Board in depositary receipt (HDR) form will be effective from 1 July 2008.  The HDR framework is an alternative facility for issuers to list on the Exchange.  For more information, please see News Release.

Growth Enterprise Market (GEM)

On 2 May 2008, the Exchange published the GEM Consultation Conclusion presenting the results of a public consultation from July 2007 to October 2007.  As a result of the consultation, GEM will be repositioned as a second board and a stepping stone towards the Main Board. 

GEM applicants should note the following changes on admission, continuing obligations and transfer of listing:

Admission

  • New admission requirements for GEM largely in line with Main Board but less stringent
  • Delegation of listing approval powers to Listing Division
  • Streamlining the admission process

Continuing obligations

  • Bringing into line GEM and Main Board continuing obligations

Transfer of listing

  • Streamlining of transfer process from GEM to the Main Board

For more information on the changes, the implementation timetable and transitional arrangements, please see our News Release.

 

In our diversified markets, both international and Mainland companies increasingly choose to list in Hong Kong – the influential gateway to the Chinese and international communities – to enhance their brand awareness and visibility. Our strength to access capital in the world-class business environment supported by a robust banking and financial infrastructure empowers HKEx becoming the listing venue of choice.

 Below table summarises companies listed in Hong Kong classified by location: 

 

(Updated: 30 June 2014)
Total Main Board GEM
(a) Mainland Enterprises 837 763 74
  H shares 194 171 23
Red Chip 129 124 5
  Mainland Private Enterprises  514 468 46
(b) Hong Kong 748 633 115
(c) Others 104 99 5
Australia 1 1 0
Brazil 1 1 0
Cambodia 2 1 1
Canada 5 4 1
France 2 2 0
Indonesia 4 4 0
Italy 1 1 0
Japan 5 5 0
Kazakhstan 1 1 0
Korea 1 1 0
Macau 5 4 1
Madagascar 1 1 0
Malaysia 12 12 0
Mongolia 1 1 0
Netherlands 1 1 0
Philippines 1 1 0
Russia 2 2 0
Singapore 10 10 0
Switzerland 1 1 0
Taiwan 28 28 0
Thailand 2 2 0
UK 2 2 0
US 13 11 2
Vietnam 2 2 0
Total   1,689 1,495 194

Classification Criteria
1.    H Shares and Red Chips to be classified as Mainland enterprises;
2.    Spin-off case to be classified same as Mother Company;
3.    Origin of establishment, if not fall in (1) and (2) above, is to be classified; and 
4.    Place of headquarters of companies to support criteria (3) if necessary or if (1), (2) & (3) above are not  applicable.
Contact
Please contact Issuer Marketing about the related matters.
Email: IM@hkex.com.hk
Telephone: 2840 3780