HKEX Plans New Listing Rules Chapter to Merge GEM with Main Board, Consultation by End-2026
Hong Kong Exchanges and Clearing (HKEX) is studying a new chapter in its listing rules to facilitate the merger of the GEM board with the Main Board. The proposed Chapter 18D would be a core part of the second phase of the listing regime review, with a public consultation planned before the end of 2026. The move comes amid the GEM board's weak market performance, making a merger a viable option. An HKEX spokesperson confirmed ongoing discussions on additional listing-related measures.
Hong Kong Exchanges and Clearing (HKEX) is exploring the addition of a new chapter to its listing rules to facilitate the merger of the Growth Enterprise Market (GEM) with the Main Board. According to sources familiar with the matter, the proposed chapter, designated as Chapter 18D, would serve as a central component of the second phase of the listing regime review, with a public consultation scheduled to take place before the end of 2026.
Given the GEM board's lackluster market performance, a merger has been identified as one of the viable options under consideration. An HKEX spokesperson stated that the exchange is currently examining further new measures related to the listing regime.