Secretary for Financial Services and the Treasury Christopher Hui Ching-yu has revealed that the government is paving the way for innovative companies to be listed in the Hong Kong Special Administrative Region. The top financial official said that there will be some arrangement in the future for innovative enterprises with neither revenue nor profit to apply to be listed on the main board. In October, Hong Kong Exchanges and Clearing launched a consultation with a view to lowering the revenue and profit thresholds for the listing of specialist technology companies. Hui's comments came amid reports that mainland firms are showing renewed interest in US listings. In addition to applying for listing in Hong Kong, Chinese companies can opt to launch initial public offerings in the US stock markets and issue depository receipts in the US and Switzerland.
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