Hong Kong Exchanges and Clearing Limited (HKEx) is publishing the first installment of its newly established Interpretive Letters -- Rejection Letters Series on the HKEx website today (Thursday) as part of its ongoing efforts to increase the transparency of decisions and interpretations under the Listing Rules.

The Rejection Letters Series is expected to be updated on a quarterly basis with all the rejection letters dispatched by the Listing Division during the three months to the end of March, June, September and December respectively.  The letters will be published on a "no-names basis" and some portions may be omitted to address confidentiality concerns.

"The new Rejection Letters Series is a further measure we have introduced to address the transparency concerns which were cited in the Government's Consultation Conclusions on Proposals to Enhance the Regulation of Listing," said Richard Williams, HKEx's Head of Listing.  "The format we have developed for the Rejection Letters Series enables us to provide the market and prospective applicants with more information on a critical aspect of our regulatory responsibilities while maintaining an appropriate level of confidentiality."    

The Rejection Letters Series is posted under the Regulatory Framework and Rules section of the HKEx website at: (http://www.hkex.com.hk).