The Exchange has published a summary of the consultation on the Growth Enterprise Market (GEM), which sets out the results of a public consultation conducted between July and October 2007. As a result of this consultation, the GEM has been repositioned as a stepping stone to the second board and the springboard. Hong Kong is an international financial center, a free trade port, a low tax rate, a well-developed legal system, a convenient financing environment and an international operating platform. Compared with the Mainland, listing in Hong Kong is much easier and the advantages are more obvious. Therefore, many enterprises choose to list in Hong Kong. Listing in Hong Kong is divided into two markets: the Main Board and the Growth Enterprise Market. For companies that meet profitability or other financial requirements. Companies listed on the Main Board include conglomerates, banks, utilities and real estate companies.
Internet headline companies we are familiar with, Tencent, Xiaomi, Meituan, Jingdong, Shuttle, bilibili, the restaurant board, Haidilao, Himalaya, Yum China, and Jiu Mu, are all listed in Hong Kong. So why is hKEx so popular with companies? Hong Kong's stock market is one of the top 10 stock markets, second only to Japan's stock market. IPO financing channels in Hong Kong are more diversified. In addition to IPOs, reverse mergers and acquisitions can also be taken, which means more diversified financing channels for Hong Kong listed companies.
Hong Kong is a financial center for international labor and is highly internationalized. Many laws and regulations and accounting standards are international standards, which will invariably enhance investors' information. Hong Kong's capital market is highly market-oriented, with clear organization, convenient procedures and predictability of IPOs. In addition, companies choosing to list in Hong Kong can raise capital through the capital market, whether through direct financing, indirect financing or additional share issuance. I'm not sure if you're going to be able to do that.