On 28 October 2011 the Hong Kong Stock Exchange published consultation conclusions on its Review of the Corporate Governance Code and Associated Listing Rules, which underwent public consultation in early 2011.
Based on these consultation conclusions, the exchange will amend the Rules Governing the Listing of Securities on the Exchange (the MBLR), the Rules Governing the Listing of Securities on the Growth Enterprise Market of the Exchange (the GEMLR, which together with the MBLR make up the Listing Rules) and the Code on Corporate Governance Practices as set out in Appendix 14 to the MBLR and Appendix 15 to the GEMLR.
A set of frequently asked questions on the amendments to the Listing Rules was also published by the exchange on 28 October 2011.
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Business Law Digest is compiled with the assistance of Baker & McKenzie. Readers should not act on this information without seeking professional legal advice. Readers can contact Zhang Danian at Baker & McKenzie in Shanghai at danian.zhang@bakermckenzie.com
