In November 2020, HKEX published a Concept Paper setting out a vision for modernising Hong Kong’s IPO settlement process where a new platform named FINI (Fast Interface for New Issuance) was proposed to address various bottlenecks and pain points in the settlement process of a new listing. Greeted with support from the market, HKEX has since then been working on the development of the FINI platform. The timing and arrangements for FINI's launch are available on the FINI webpage.

To enable market practitioners to familiarise themselves with the new requirements and transition smoothly once FINI is launched, the Exchange will publish relevant materials such as consequential amendments to the existing Listing Rules and guidance materials (which are set out below) before the effective date of these documents. Market participants are reminded to familiarise themselves with the relevant materials and processes concerning FINI ahead of its launch.

HOUSEKEEPING RULE AMENDMENTS

The Housekeeping Rule Amendments relate to procedures and submissions during the IPO settlement process and are primarily made to codify certain existing practices and requirements.

Guidance Materials

Revised Listing Rules and Housekeeping Rule Amendments (to take effect on FINI launch date)