HKEX Publishes Consultation Paper on Phase 2 of Listing Framework Competitiveness Review

Taking reference to market feedback, evolving global regulatory trends, and the operational needs of listed issuers, HKEX has published its Consultation Paper on Phase 2 of the Listing Framework Competitiveness Review. The proposals introduce significant enhancements—including streamlining notifiable and connected transaction thresholds, shortening spin-off moratoriums, and formally elevating independent valuation requirements into mandatory Listing Rules provisions (such as Paragraph 123(b) for initial announcements and Paragraph 140(f) for circulars). As disclosure standards become increasingly rigorous, early valuation planning and robust governance are essential for issuers navigating corporate transactions. AVISTA Group leverages extensive experience in independent listed-company valuations to help clients assess deal structures and meet compliance requirements seamlessly. Read our full summary to stay ahead of the regulatory curve!