Hong Kong IPO: A Practical Guide, 2nd Edition

Hong Kong IPO – A Practical Guide (2nd Edition) provides practical guidance for companies which are considering to list on the Hong Kong Stock Exchange. The book starts by giving readers a general overview of the global IPO environment and the characteristics of the Hong Kong Stock Exchange, and then discusses key considerations of an IPO in the areas of accounting, tax and internal control. The book is written in a plain and straight forward manner for easy understanding and covers the following areas:

• The listing requirements on the Main Board and the Growth Enterprise Market;
• The listing process and documentation required for listing on the Hong Kong Stock Exchange;
• Common accounting and internal control issues encountered in the listing process;
• Tax considerations; 
• Corporate governance requirements; and
• Continuing obligations of listed issuers.

In this 2nd Edition we extended our contents to cover the requirements and development of New Sponsor Regulatory Regime for IPO in Hong Kong.

This book is a valuable resource for corporate executives, professional practitioners and academics as it provides technical guidance on the application of the Listing Rules and offers recommendations to address issues encountered in the listing process. This book includes illustrative examples, diagrams, tables and flowcharts and dissects the IPO roadmap into layers to provide an in-depth analysis and better understanding of the issues that need to be considered in listing a company on the Hong Kong Stock Exchange.

The book is a must have IPO reference book. It helps readers in understanding and resolving the variety of issues which a company may encounter in its IPO journey.

Hong Kong IPO – A Practical Guide is a practical and easy-to-use guide for companies which are considering to list their businesses on the Main Board and Growth Enterprise Market of Hong Kong Stock Exchange. The book is written by a group of qualified accountants and led by capital market professionals with extensive experience in providing assurance, tax, internal control review and transaction advisory services to both companies which are listed on the Hong Kong Stock Exchange and companies with the prospective to list. This book covers areas which include the applications of listing rules relating to listing qualification, disclosure of financial information, tax compliance, corporate structure, internal control, corporate governance as well as major post-listing compliance with listing rules.

The readers can gain a good understanding on the listing requirements of Main Board and Growth Enterprise Market and the common IPO issues in the context of accounting, taxation, internal controls and corporate governance. It provides practical solutions to tackle issues in an IPO process and explanations of listing rules in a form of plain language. Their explanations are supported by latest listing decisions and listing guidance published by Hong Kong Stock Exchange and authors’ practical experience. Apart from learning the pre-listing requirements, the book also introduces the major post-listing obligations to the readers.

This book is able to assist the readers in planning their listing projects and alert them the potential challenges in a listing journey.

The book is a consolidated and simplified reference written by a group of qualified accountants to present the listing framework of Hong Kong Stock Exchange. The salient features of this publication:

• Practical: The authors share their real-life experience in handling critical listing matters from accounting, tax and internal control perspectives;
• Easy to read: One-stop guide which takes the reader throughout the entire IPO journey from pre-IPO preparation to the actual listing process and post listing stage; and
• Comprehensive: The book covers important areas in the IPO journey and other useful statistical topics including review of global and Hong Kong IPO markets, selecting stock exchange, statistic of Hong Kong investor profile and new listings in 2015 for reference.

The book targets to business owners, senior executives, professionals and academics who are interested in listing on The Hong Kong Stock Exchange and they are looking for a guidebook to tell them what they need to be prepared in relation to the areas in accounting, taxation, internal control and corporate governance and how they can comply with the listing requirements. The book also helps the readers to obtain commentary from professional accountants regarding certain critical listing issues for an IPO on the Hong Kong Stock Exchange.