Market Turnover


Exchange Publishes Consultation Paper on Expanding Paperless Listing Regime

16 Dec 2022
  • Exchange seeks market feedback on proposals to further advance its paperless initiatives
  • Proposals aim to further simplify administrative procedures and reduce the use of paper
  • Welcomes responses by 28 February 2023


The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), today (Friday) published a consultation paper seeking public feedback on proposals to expand the paperless listing regime and make other rule amendments.

“The Exchange is always exploring ways to streamline its practices and operations,” said Bonnie Y Chan, HKEX Head of Listing. “Our proposed expansion of the paperless listing regime supports HKEX’s commitment to sustainability, further improving our operational efficiency whilst reducing our impact on the environment, all without compromising investor protection.”

A summary of the key proposals in the Consultation Paper is set out below:

Streamlining the document submission process

  • Removing submission of documents that are unnecessary to the Exchange’s regulatory objectives
  • Codifying obligations as Listing Rules to replace standalone undertakings and confirmations
  • Removing unnecessary signature and certification requirements
  • Mandating electronic submission for a majority of submission documents

Electronic dissemination of corporate communications1

  • Mandating that listed issuers electronically disseminate corporate communications to the extent permitted by the laws and regulations applicable to them

Simplification of Listing Rules appendices

  • Restructuring the appendices to the Listing Rules to simplify navigation and enhance the online experience for Listing Rules users

The Exchange invites market feedback on its proposals and the proposed Listing Rules that will give effect to the proposals.

The public comment period ends on 28 February 2023. The Exchange welcomes market participants to respond to the Consultation Paper by completing and submitting a questionnaire on the HKEX website.



  1. “Corporate communications” means: any document issued or to be issued by an issuer for the information or action of holders of any of its securities or the investing public, including but not limited to:—
    (a) the directors' report, its annual accounts together with a copy of the auditors' report and, where applicable, its summary financial report;
    (b) the interim report and, where applicable, its summary interim report;
    (c) a notice of meeting;
    (d) a listing document;
    (e) a circular;
    (f) a proxy form;
    (g) an Application Proof; and
    (h) a Post Hearing Information Pack or “PHIP”


About HKEX

Hong Kong Exchanges and Clearing Limited (HKEX) is a publicly-traded company (HKEX Stock Code:388) and one of the world’s leading global exchange groups, offering a range of equity, derivative, commodity, fixed income and other financial markets, products and services, including the London Metal Exchange.

As a superconnector and gateway between East and West, HKEX facilitates the two-way flow of capital, ideas and dialogue between China and the rest of world, through its pioneering Connect schemes, increasingly diversified product ecosystem and its deep, liquid and international markets.

HKEX is a purpose-led organisation which, across its business and through the work of HKEX Foundation, seeks to connect, promote and progress its markets and the communities it supports for the prosperity of all.