- Hong Kong aims to adjust listing rules to attract IPOs from mainland Chinese space companies following SpaceX's June listing.
- HKEX will consult in H1 next year on revising Chapter 18C to court space listings, according to the policy address.
- The move puts Hong Kong in competition with the Shanghai Stock Exchange, which draws most space listing applications including CAS Space and Landspace Technology.
- Beijing prioritizes space technology, and SpaceX's blockbuster listing has heightened sector activity.
Quotes
“bourse operator Hong Kong Exchanges and Clearing (HKEX) would, in the first half of next year, launch a consultation on revising Chapter 18C of the city’s listing rules to court space IPOs”
“Hong Kong aims to adjust listing rules to grab a share of initial public offerings (IPOs) by mainland China’s space companies”